18 June, 2021

The Futures Budget

Some good news, some bad for the Sensex. Here's the outlook...

The Futures Budget
outlookindia.com
-0001-11-30T00:00:00+05:53
What Gets Affected By What
  • Dual excise duty structure on cement will impact the sector; not many firms currently sell at the proposed Rs 190 a bag which will attract lower duty
  • FMCG firms like Hindustan Lever will benefit from the focus on agriculture; in the past such companies have gained from the spinoff effect
  • IT majors are peeved with the 1-3 per cent% MAT impact and the imposition of fringe benefit tax on ESOPs
  • Capital goods manufacturers, power firms and oil majors to benefit from the announcement of more Ultra Mega Power Projects

***

The impact of Budget '07 proposals on individual sectors will be much better than what the stockmarket's initial reactions would indicate. But on B-Day, Finance Minister P. Chidambaram's fourth budget on the trot (not counting earlier dreams) couldn't have received a worse reception from the bourses. On Bloody...

In this article:

More from Udayan Ray


Latest Magazine

June 21, 2021
content

other articles from the issue

articles from the previous issue

Other magazine section