Market on Boost but New Budget Affecting Aviation & Telecom Industries

The Indian market is boosted up high today and performing great, except only few stocks and currency market. In Hot Stock Updates- The increased price of Aviation Turbine Fuel will directly hit the Aviation Industries. Stocks of Jet Airways, Spice Jet and Indigo will be negatively affected by this budget. Bharat Earth Movers Limited has received a Rs 900 crore contract for metro development in Kolkata. Currently, BEML stock is moving up with the hike of 2.39% and may go higher today.

Axis Bank has bought 4.9% stake of Max Life Insurance in 95.75 crore rupees. After this announcement, Axis Bank Stock took a big jump in today. This new Budget plan will load up an extra burden on Telecom Companies. Now they will have to pay extra service tax on Spectrum Trading.   For more latest market news updates stay tuned to our Blog.

Is Budget A Bad Omen For Indian Market?

The Indian Market is moving quite sluggish on the last day of the month and it is definitely caused by the upcoming Budget today. Many people are not trading today due to a common conception that, on the budget day market gives negative returns. Although, this Bad Omen had already started with morning trading session, where the Sensex and Nifty was trading with the respective loss of 112.93 and 48.10 points. Currently, Sensex is trading with the loss of 359.90 points and 117.55 points. With the excitement of having the Budget in their favor, Banking sector is showing high movements. Along with the Small Cap and Mid Cap Indexes, FMCG, IT and Metal Sector have also got affected by the upcoming budget and currently moving under the negative zone. In MCX Commodity Market, Silver and Crude oil are trading with the loss of 0.52% and 2.43% whether Gold has hiked up by 237 points and moving in positive zone. In Base Metals, except Aluminium all other commodities are trading with minor losses. Until now the NCDEX Commodity Market has received mixed trading and performing average with minor highs and lows.

Stock Future Investment Advice by Money-Maker

@ SELL DISHTV FUTURE BELOW 67 TARGETS 65 , 63 61 STOPLOSS 71

@ SELL UNIONBANK FUTURE BELOW 106.5 TARGETS 103.5 , 100.5 97.5 STOP LOSS 112.5

@ SELL STAR FUTURE BELOW 871.5 TARGETS 866.5 , 861.5 856.5 STOP LOSS 881.5.

 @ BUY JISLJALEQS FUTURE ABOVE 56.75 TARGETS 58.75 , 60.75 62.75 STOP LOSS 52.75