Jaitley pulls off Revenant act, puts Spotlight on social sector; Fails to lift market

THE ECONOMIC TIMES Mon, Feb 29, 2016 | 06:55 PM IST ET Market Watch Newsletter

Jaitley pulls off Revenant act, puts Spotlight on social sector, but fails to win an Oscar Amid tough financial conditions, huge pressure and very harsh global headwinds, do not trust the stock market to give you a clear view on the Union Budget. Gamechanger or not, analysts give 4 out of 5 to Arun Jaitley's Budget 2016 Most analysts gave the Budget 4 out of 5. Out of 10 analysts polled, six gave Jaitley's Union Budget a rating of 4, one gave 3.5 and three rated it 3 on 5. Budget fails to lift market; Sensex tanks 152 points; Nifty50 below 7,000 The BSE S&P Sensex tanked 660 points from its previous close at one point of the day and then rallied 848 points before ending the day at 23,002, down 0.66%.

InterviewOne to One If RBI cuts interest rates, I am sure yields will go further down and that will release more capital in the hands of ... Nilesh Shah ,Kotak AMC

Market Watch 29 Feb | 06:55PM| SENSEX NIFTY USD/INR GOLD 23002.00 ↓-152.30 6987.05 ↓-42.70 68.41 ↓-0.22 29510.00 ↑173.00

Gainers Losers 29 Feb, 2016, 06:55PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Aarey Drugs & Pharmaceuticals Ltd. 21.50 19.78 1541485 21.50 18.50 Salona Cotspin Ltd. 35.50 18.73 7 35.80 26.50 Lesha Industries Ltd. 3.89 17.88 4051 3.89 3.00

FROM THE NEWSPAPER

No LTCG rejig, STT hike in options small, but extra DTT may hit dividend payments FM maintained status quo on the time limit for the applicability of long-term capital gains tax in equities to one year, providing big relief to investors. How FM Arun Jaitley has affected common man's spending & savings plan Union Budget 2016 is a bitter-sweet pill for the common man. While incentivising the aam aadmi to buy homes, FM Arun Jaitley has made cars costlier. Cars, air travel, movies & eating out to be costlier As a result of a new levy, Krishi Kalyan cess, on all services, activities including eating out, watching movies in theaters will become more expensive. Good, bad and ugly: This is how Dalal Street dissected Arun Jaitley's Budget The stock market didn't like Finance Minister Jaitley's Budget, but Dalal Street did. This is the budget for the real economy, said one top money manager. Budget 2016 impact: Green cess kills the consumption buzz in auto stocks Here's what Jaitley said in the Union Budget and the list of automakers, which are likely to be impacted from the announcements.

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