ARSS Infrastructure IPO which came in last month has got listed today in the secondary markets today. ARSS Infrastructure, the Orissa based company got listed in the markets at 40% premium to the offer price. The IPO was subscribed almost 48 times and had a price band of Rs 410-450. ARSS Infrastructure IPO got listed at Rs 630 today in NSE.

It was much more than the grey market premium and what investors expected. In the trade it almost touched 52% premium levels at Rs 685 levels. Traders were aggressively buying in the counter. It hit Rs 711 levels in BSE today in intraday. So over all it was the best IPO listing till now in the last one year.

Markets are still in the jubilant mood after the investor friendly budget announced last week by Finance minister. As posted earlier, we saw a huge post budget rally in the market in the first 2 trading session of the week.Sensex crossed 17,000 today gaining 227 points and Nifty closed at 5088 levels gaining 71 points. Traders need to book profits as the markets can see downside any time after some more rally for a couple of days. It is advised to remain away from already rallied stocks which have gained a lot in last couple of days.

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Markets after remaining circumspect for the major part of the previous month, is expected to see a positive swing tomorrow. The post budget positive sentiment will be playing high on the investor mood. However over a period of time markets will certainly take a pie out of the global markets, which will decide the course of the degree of surge.

The Union Budget which is seen as a major node in any financial year does prove to be a sentiment hurdle for investors, which is now declared. The markets will certainly perform well picking up positive cues from post budget.

The 30-share index saw movement of 420 points on the budget day to close at 16,429.55 points. Budget announced a major personal income tax rebate, however went for a 2% hike in excise duty. Furthermore not being populist enough in fiscal policies, government hiked the fuel prices. Budget also has formulated a plan for infrastructure spending. Sectors like auto can swing in well for the investors. So just have a look at Maruti, Tata Motors and other auto stocks. Please keep checking the place to get more updates on post budget impact on Indian Share markets.

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In a few moments finance minister Mr.Pranab Mukherjee is about to unfold the Indian Union Budget 2011.In Budget 2010-11 the main debating point will be, how the government handles the huge fiscal deficit and the degree up to which the economy can take a rollback of the stimulus package given earlier.

Controlling inflation and taking a stand on disinvestment is certainly on the cards, however any opinion on implementation Direct Taxes Code replacing the archaic Income Tax Act is unlikely.To pull up some socks budget may take present exercise duty of 8% up to 10% and elevate service tax value of 10% .

Interesting things to watch out will be how budget addresses the cause of fiscal consolidation, rather than launching worthless schemes. We expect him certainly to speak something on how we align our industries on to green technology to bring about inclusive growth.

The Indian Union Budget 2010-11 has been announced. So  analyze the Union budget 2010-11 in details and look at the finer points of this Budget.

 Analysis And Highlights Of Indian Union Budget 2010-11 :-

The new income tax slabs for 2010-11 financial year are as follows :-

> No income tax for income upto Rs 1.6 lakh which was same last year.
> For income range of 1.6 lakh- 5 lakh the tax rate is 10%. The slab was 1.6 to 3 lakhs till last year.
> For income range of 5 lakh- 8 lakh the tax rate is 20%. The slab was 3-5 lakhs earlier.
> For income range of 8 lakhs and above the tax rate is 30%. The slab was 5 lakhs and above till last year.

NB: In addition to the existing deduction of Rs 1 lakh under section 80C of Income Tax Act, the govt has now decided to allow another deduction of Rs 20,000 in long term infrastructure bonds. So totally a tax payer can show a saving of Rs 1.2 lakhs from the next financial year. The new tax slabs will benefit about 60% of the tax payers in India and finance minister said that he wished to increase the minimum alternate tax (MAT) from 15% to 18% of book profits.

The service tax rate will be retained at the current 10% levels. Plans to bring many more services under service tax net.

The excise duty will now be increased from 8% to 10%. Import duty on silver metal to be increased to Rs 1500/kg. The duty on gold is also increased.This is not a good sign for gold and silver related stocks.

The govt will also impose excise duty of 10% on all non petroleum products.
The surcharge rates on companies will now be reduced to 7.5%.

The govt has decided to implement the new direct tax code from April 2011 onwards. This will simplify the entire taxation system. The govt will be losing approximately Rs 26,000 crores due to the introduction on direct tax code from April 2011.

The fuel prices of petrol and diesel will be up by Rs 2.67/litre and Rs 2.58/litre respectively due to the hike in custom and excise duties. Items like refrigerator, washing machine, ACs, TV,cigarettes etc will cost more by 2-4% due to increase in excise duty and fuel price rise.

The fiscal deficit of the country is seen at 4.8% in 2011-12 and 4.1% in 2012-13. The GDP rate is expected to be at 8.5% and inflation to be 4% in the fiscal year 2011.

The market has reacted very positively to the Indian Union Budget 2010-11. The markets opened in a positive bias and when the announcements from the budget came in, markets reacted momentarily and went up by almost 300+ points in sensex. Sensex closed 175 points up at 16429 and Nifty closed at 4922 levels up by 62 points. Auto stocks, Metal stocks, and banking stocks reacted positively.RCap, IFCI,Tata Motors, Hindalco,M&M gained smartly. Now we need to see how the markets settle down and where does it go from here. Monday being Holi, the stock markets will be closed.

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Check Analysis of Indian Union Budget 2010-11 here.

The country is all set to go ahead with the Indian Union Budget 2010-11 tomorrow. Everyone is eagerly waiting for the Union Budget to be presented so that we can see some direction in the markets tomorrow. There is a lot of expectations from finance minister this time around especially after the economic recession the world went through. Before the union, the Economic survey is highlighted. Lets analyze The Economic Survey 2010-11.

Highlights Of The Economic Survey 2010-11 :-

1. As per the Economic Survey India is likely to grow at the rate of 8.75% in the fiscal year 2010-11. And India will be recovering completely by 2011-12 to 9% growth rate.
2. Stimulus will be rolled back gradually.
3. Very high food inflation is a mater of concern.

These were some of the major points of The Economic Survey.Please checking the space for Indian Union Budget 2010-11 analysis.

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Ms.Mamata Banerjee presented the Indian Railway Budget 2010-11 today in the parliament. It was a much quieter railway budget as expected by many. Railway budget 2010-11 was welcomed by a part of Indian Inc while some day it was directionless. Lets analyze and see some of the highlights of Indian Railway budget 2010-11.

Highlights of Indian Railway Budget 2010-11 :–

1. Indian railways has decided to introduce double decker trains soon.
2. There was no fare hike announcement from railway minister in Railway budget 2010-11 presented today.
3. Railways has appealed the private sector of India to join hands with Indian railways for partnership so as to execute many projects in coming days. A special task force will be created to analyze this.
4. Railway has taken a major decision of starting 6 bottling plants which will help in providing cheap drinking water to passengers.
5. It is planning to add another 25,000 KM of rail network by the end of 2020.Currently it has about 64,000 KM of network.
6. Railway plans to start 10 more Duronto express trains in this fiscal as it got good response from this train in last 1 year.

7.Railways are planning to introduce high speed dedicated passenger corridors which will benefit many passengers.
8. Railways will run special trains during the high traffic Common Wealth games period to assist traffic from various part of the country.
9. In a major decision it has agreed to give houses to all railway employees by the next 10 years time frame. 14 lakh strong railway employees will be benefitted by this.

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