Marketcalls first Live Blogging on Election 2014 Results and Updates on Markets. Proud to say that first Indian trading blog to go for Live Blogging.Over 814 million people cast their votes in the Lok Sabha elections. On Friday, May 16th we will know who gets to form the government at the center. Hope it will be a different style of Live Updates which benefits Traders and Investors Stay tuned to this page.
ALERT: Petrol price hiked by Rs. 3.18 per litre, diesel by Rs. 3.09. Prices come into effect from midnight tonight.
Highlights : Govt to reduce custom duty on 22 items
Reduction on Custom duty on raw materials and intermediaries
Basic custom duty on certain imports to be reduced to minimize impact of duty inversion
Reduce Income Tax for royalty fees; custom duty cut on 22 raw MAT
Reduction on basic custom duty on Active Energy Controller (AEC) for use in the manufacture of renewable inverters in India to 5%.
Scrap Organic LED Custom Duty
Propose to exempt special additional duty on all items.
From a Common Man Perspective : An individual tax payer can now get exemptions up to Rs 4.4 lakh.
Update : Pradhan Mantra Suraksha Bima Yojana To Cover Accidental Death Risk Of Rs. 2 Lakh For Just Rs. 12 Per Year Premium
FM concludes with commitment to the well being of all: “Sarve Bhavantu Sukhinah, Sarve Santu Niramayah”
Additional deduction of Rs 50000 under section 80CCD, with aim of moving from pensionless to a pension society : FM
Individual tax payer will benefit to the extent Rs.4,44,200/- from the exemptions announced: Finance Minister
Sukanya Samrithi Scheme (Girl Child Scheme) : Interest on Deposit will be fully exempted from TAX
Propose to rationalise capital gains regime for REITs/InvITs says FM
Rental Income from REITS to have pass through facility: FM
Finance Minister abolishes Wealth tax, says: Will have 2% surcharge on super rich with above 1 crore annual income
Budget Estimates of Expenditure: 17 .77 lakh cr, of which Non Plan is 13.12 lakh cr, and Plan is 4.65 lakh crores: FM
Comprehensive new law on black money stashed abroad, to propose the bill in current session of Parliament: FM
Unclaimed deposits of 3000 cr in PPF and 6000 cr in EPF corpus – detailed scheme in March to appropriate the funds for senior citizens: FM
Railway allocation increased to Rs. 10050 cr, positive for Kernex micro, kalindee rail, titagarh wagon
Investment in infrastructure will go up by 700 billion rupees in 2015-16 over last year. to increase outlays for roads and railways infrastructure
NBFCs with Rs 500 cr to be institutions under SARFESI, Positive for NBFCs such as L&T finance, PFC, REC, etc
New scheme called Nayi Manzil to enable Minority youth without schoolleaving certificates to get the employment : FM
To create senior citizens welfare fund via unclaimed PPFs
Atal Pension plan launched; aimed at Indians above 60: Finance Minister
Government to bring a comprehensive bankruptcy code for the ease of doing business by 2015-16: Finance Minister
Govt is committed to utilize the vast postal network spread across villages of country: Finance Minister
“80,000 secondary schools to get upgrade
Electrification of villages by 2020
Rural Infrastructure Development Fund to be Rs 25000 Crores”
Rural-urban divide should no longer be acceptable to us; must ensure connectivity: Finance Minister
12.5 crore families have been covered under financial inclusion in about 100 days- FM Arun Jaitley
Based on new series the estimated GDP during the year 2014-2015 7.4%
Expected GDP in FY 2015-2016 – 8%-8.5%
We are in course of long term bull market. This Budget is likely to be a historic event – Ramesh Damani
Expect FM to stick to 3.6% on fiscal deficit for FY16; 3.8%-4% deficit number would not worry foreign investors much: Jim Rogers
Dr.A P J Abdul Kalam’s prime expectations on #Budget2015 is about education & health care to all
Jayalalithaa’s AIADMK emerges as the third largest party
TMC wins big in Bengal, set to be fourth largest party
NarendraModi: There are no enemies in a democracy. Yes, there are rivals but this is the beauty of a democracy #Results2014
NarendraModi in #Vadodara: I congratulate MPs chosen today, hope for co-operation from all political parties #Results2014
Smriti Irani: I don’t look behind. The way forward is the way the country has chosen the new leader. This is a historic win for #BJP.
Sonia Gandhi: The Congress faced its opponents. But we did not get the mandate as expected. We accept this mandate. We expect that the new government will not compromise with the country’s secularism. I congratulate the new government. I thank all my workers and I take full responsibility for the defeat.
I wish the new government all the best. The Congress has done badly. As the Vice President of the party I hold myself responsible: Rahul Gandhi
Amit Shah: After 1984, this is the first time a single party has got simple majority on its own. This is a victory of the country and its people. Ever since the BJP announced Modi’s name for prime minister’s post, we knew public support was wholly with us.
Ms.Jayalalithaa Chief Minister of Tamilnadu hopes new government at the Centre will be friendly
Tomorrow the party’s central parliamentary board will meet at 12:30 pm: Rajnath Singh #results2014
BJP Manifesto Promises 100 Hi Tech Cities; Big Data School, Wi-Fi & More
Bharatiya Janata Party Election manifesto 2014
Rajnath Singh: Now #BJP is a pan India party. It is due to #NarendraModi’s dynamic leadership that we have got this mandate. #Results2014
Prime Minister Dr Manmohan Singh calls Shri Narendra Modi and congratulated him on his party's victory in the Lok Sabha elections.
— Dr Manmohan Singh (@PMOIndia) May 16, 2014
Rakesh Jhunjhunwala: There is no doubt a new bull market has started. No doubt that the index will double #Results2014
Nifty Futures Lost its most of its intraday gains Now trading around 7230. Lost Nearly 350+ points intraday from the day high.
BJP increases tally to 281 leads; Congress slips further to 54. NDA is at 330, UPA at 70. AIADMK is at 38 seats, TMC at 32.
Market Update : 12:48p.m . No much movements in Small cap Stocks overall. Mid Caps inching up slowly.
Now INDIA VIX around 22. Back to Reality. No Hyped Markets anymore. Option Premium Got Restored.
There are three important numbers to watch as polling numbers flood India’s TV networks: 272, 230 and 180.
272 –The Simple Majority: The first number is a no-brainer: If any party wins the “magic figure” of 272 seats in Parliament–the minimum required to have a simple majority in the 543-member lower house of Parliament, the Lok Sabha — it means that party will hold power for up to five years.
230 – The Hiccup: If the winning political party gets roughly 230 or fewer seats, there could be some hiccups in forming a new government. The party will need to align with two or more regional groups to reach the 272-seat majority mark.
180 — The Complex Coalitions: Less than 180 or so seats complicate things considerably. With so few seats, it means a more complex—and less stable—coalition would need to be cobbled together to achieve a ruling majority.
The government Press Information Bureau said Friday that of 520 constituencies where votes had been tallied, the BJP was leading in 268, and the Congress party in 49.
From the Modi’s Twitter Page
India has won! भारत की विजय। अच्छे दिन आने वाले हैं।
— Narendra Modi (@narendramodi) May 16, 2014
If Cong slips below 55 seats, could lose rights to Leader of Opp. Need 10% minimum of all LS seats
Aam Aadmi Party wins its first Lok Sabha seat, Punjabi comedian Bhagwant Mann wins from Sangrur by over a lakh votes.
Adani Enterprises Futures Up 14.5%
The only state where the BJP does not seem to be doing well is Punjab, where the Aam Aadmi Party has taken leads in 3 seats.
Sachin Pilot trails by 25,500 votes in Ajmer; Jaswant Singh trails in Barmer by 22,000 votes, BJP leads in all 25 Rajasthan seats.
Farooq Abdullah trails in Srinagar; National Conference unlikely to win any seat in Jammu & Kashmir.
BJP leading in four seats in Uttarakhand.
BJP leading in all four seats in Himachal Pradesh
BJP leads in 17, Cong in 7, JDS 1 in Karnataka
Modi, Rahul, Sonia ahead in Uttar Pradesh, Ajit, Kejriwal, Mulayam trailing
Guj: BJP leads in 17 seats, Modi ahead by 70,000 votes in Vadodara
UP trend: Varun Gandhi of BJP ahead of Pawan Pandey of BSP by 1559 votes in Sultanpur seat (PIB)
Bank Nifty Gained 1000 points + Watch Live action here #Supertrend
visit here for For Live NSE Futures 5min supertrend charts
Nifty Pre Opening Levels at 7247 up 126Points
Sensex Up 24250 up by 250+ points
USDINR Trading at 58.92
Narendra Modi leading in Varanasi & Vaddodara
Meenakshi Lekhi leads in New Delhi
SAD leads in Khadoor Sahib
Arun Jaitley leads in Amritsar
Sushma Swaraj leads in Vidisha
SGX Nifty 7198. Watch Live SGX Nifty here
Whoever gets the vote to form the new government may bring good times to the people and be sincere. #results2014
Congress president Sonia Gandhi to address a press conference at 1 pm. BJP president Rajnath Singh to address his press conference an hour later, at 2 pm
NSE-BSE Circuit Rules today:
If 10% circuit till 1pm then market shuts for 45 minutes.
If 15% circuit till 1pm then market shuts for 15 minutes.
If 20% circuit anytime, market closed for the day.
If 10% circuit from 1pm-2.30pm then market shuts for 15 minutes.
If 15% circuit from 1pm-2.30pm then market shuts for 45 minutes.
If 20% circuit anytime, market closed for the day.
Post 2.30pm if 10% circuit market will continue trading but if there is a 15% movement post 2.30 pm then it is closed for the day. The circuit limits are applicable both ways, means upward and downward.
As per Election commission guidelines the postal ballots counting of votes will begin at 8 AM .And by 8:30 the Electronic Voting Machine Counting will start.
The Vote counting exercise to be held shortly at 989 counting centres is likely to be completed by 5 PM and trends will be available by 11 AM. By noon, a final picture could emerge on who would be the major players in the 16th Lok Sabha.
An election exit poll is a poll of voters taken immediately after they have exited the polling stations.
543 seats in the Lok Sabha 272 seats needed for a majority. Nearly 8000 candidates, including top guns Narendra Modi, Sonia Gandhi, Rahul Gandhi and Arvind Kejriwal were in the fray, in the largest-ever electoral exercise held in Indian history.
Buy your first home by March 31 to avail tax benefit
Those planning to buy their first house should rush and complete the formalities by March 31 to avail of the additional tax benefit against the interest paid on a home loan.
Read more at: http//mrkt.co.in/1kVW67a
According to the CAPA India Aviation Outlook Report, Air India will likely post a full-year USD 700 million (or Rs 4,340 crore) loss while the two listed firms will together post a record USD 500 million (Rs 3100 crore) FY14 loss.
Nissan Motor India has slashed the prices of its vehicles by up to 6 percent from February 18 following a cut in the excise duty announced in the interim Budget.
“The price reduction by Nissan is in the range of 4 to 6 per cent and will apply to Micra Active, Micra, Sunny, Evalia, Terrano and Teana,”
Tara Jewels is up 5% today post the block deal by IDFC Mutual Fund at 89 yesterday. IPO was at 230.
No Trading Signals in Nifty futures for the day