NSE BSE Closed on a RED Signal Today, Check Out the Major Gainers and Losers of Nifty and Sensex - 14 July 2014

BSE Down at 25,006.98, NSE Down at 7,454.15

The market closed lower for the fifth consecutive session on Monday. The Sensex fell 17.37 points to 25006.98 and the Nifty lost 5.45 points to 7454.15.

The S&P BSE Sensex provisionally ended marginally above 25000 on Monday, led by losses in Infosys, HUL, HDFC, ICICI Bank and WiproBSE -2.19 %. 

Tracking the momentum, the 50-share Nifty index also managed to recover most of its intraday losses and closed above its crucial psychological support level of 7,450. 

The BSE Sensex closed 0.07 per cent lower or 17 points at 25006.98. It hit a low of 24,892.00 and a high of 25,095.76 in trade today. 

The 50-share Nifty index ended 0.07 per cent lower or 5.45 points at 7454. It hit a low of 7422.15 and a high of 7478.45 in trade today. 

BSE Top Gainers:

Hindalco, Tata Power, Tata Motors, Tata Steel, Larsen, ONGC, Axis Bank, TCS, 
BHEL, Hero Motocorp, HDFC Bank, 
M&M

BSE Top Gainer Among All Stocks:

Hindalco
Volume Traded : 778778 shares

BSE Top Losers:
Infosys, HUL, Wipro, Sesa Sterlite, Coal India, HDFC, ICICI Bank, Cipla, Bharti Airtel, NTPC, Dr Reddys Labs, Reliance, Sun Pharma, Bajaj Auto, SBI, ITC, Maruti Suzuki, 
GAIL

BSE Top Loser Among All Stocks:

Infosys
Volume Traded : 79627 shares

NSE Top Gainers:
Hindalco, Asian Paints, PNB, Tata Power, Tata Steel, Tata Motors, Bank of Baroda, ONGC, 
United Spirits, Axis Bank, BHEL, Larsen, BPCL, TCS, Jindal Steel, UltraTechCement, Power Grid Corp, NMDC, HDFC Bank, Lupin, Ambuja Cements, Hero Motocorp, M&M, Maruti Suzuki

NSE Top Gainer Among All Stocks:

Hindalco
Volume Traded :  7337564 shares

NSE Top Losers:




HCL Tech, Infosys, HUL, Wipro, ACC, Cairn India, NTPC, Coal India, DLF, Sesa Sterlite, 
Bharti Airtel, ICICI Bank, IDFC, Sun Pharma, Cipla, HDFC, SBI, Tech Mahindra, Reliance, 
Grasim, Kotak Mahindra, Bajaj Auto, ITC, GAIL, Dr Reddys Labs, IndusInd Bank

NSE Top Loser Among All Stocks:

HCL Tech
Volume Traded : 1636171 shares

Acche Din ka Budget 2014-2015

Acche Din ka Budget

Cheaper (Sasta Samaan)

Cosmetics, soaps and certain pharmaceutical:

Reduced the basic customs duty (BCD) on fatty acids, crude palm stearin, RBD and other palm stearin, specified industrial grade crude oils from 7.5 percent to Nil; crude glycerin from 12.5 percent to Nil and Crude glycerin from 12.5 percent to 7.5 percent.

Certain apparels  such as active-wear, gloves, hosiery, leggings, skinny jeans, skinny jeans, swim suits, undergarments, etc.)

Reduce the basic customs duty (BCD) on inputs for manufacture of spandex yarn from 5 percent to Nil.

India assembled/ manufactured computers and laptops Exemption on all inputs/components used in the manufacture of personal computers from 4 percent special additional duty (SAD)

Fully imported electronic items: FM has imposed an additional education cess on imported electronic products to provide parity between domestically produced goods and imported goods;

Mobile SIMs: a 4 per cent exemption on SAD on PVC sheet and ribbon used for the manufacture of smart cards.

Low-end television sets: Cathode ray TVs are used by weaker sections who cannot afford to buy more expensive flat panel TVs. FM has exempted colour picture tubes from basic customs duty to make cathode ray TVs cheaper.

LED/LCDs below 19 inches: to encourage production of LCD and LED TVs below 19 inches in India, FM proposed to reduce the basic customs duty on LCD and LED TV panels of below 19 inches from 10 percent to Nil. Also, to encourage manufacture of LCD and LED TV panels, FM proposed to exempt from basic customs duty specified inputs used in their manufacture.

Precious and semi-precious stones: Pre-forms of precious and semi-precious stones are being fully exempted from basic customs duty

FOOTWEAR: As a measure of relief to the footwear industry, FM reduced the excise duty from 12 percent to 6 percent on footwear of retail price exceeding Rs 500 per pair but not exceeding Rs 1,000 per pair. Footwear of retail price up to Rs 500 per pair will continue to remain exempted.

Solar equipments/products: FM has exempted the following from excise duty:

> EVA sheets and solar back sheets and specified inputs used in their manufacture;

> solar tempered glass used in the manufacture of solar photovoltaic cells and modules;

> flat copper wire for the manufacture of PV ribbons for use in solar cells and modules

Radio cab service: FM has proposed a service tax on the service provided by radio-taxis to place them on par with rent-a-cab service.

Cotton clothes and other products: service tax on loading, unloading, storage, warehousing and transportation of cotton, whether ginned or baled, has been exempted to bring it on par with certain other agricultural produce

No tax on a purchase of product up to Rs 45,000 from Foreign Countries.

Narendra Modi Budget
Costlier (Menga Saaman)

Cigarettes/cigars/ tobacco products and pan masala: FM has increased the specific excise duty on cigarettes in the range of 11 percent to 72 percent. Similar increases are proposed on cigars,cheroots and cigarillos. Likewise, the excise duty is being increased from 12 percent to 16 percent on pan masala, from 50 percent to 55 percent on unmanufactured tobacco and from 60 percent to 70 percent on gutkha and chewing tobacco.

Coca-Colas and other aerated drinks: FM proposed to levy an additional duty of excise at 5 percent on aerated waters containing added sugar.

Imported steel items: Imported flat-rolled stainless steel products will attract a higher basic customs duty from 5 percent to 7.5 percent.

The proposals on the indirect taxes side are estimated to yield Rs 7,525 crore

Rail Budget Highlights 2014-15

Lok Sabha Rail Budget Highlights from Union minister Sadananda:

√ Indian railways to become the largest freight carrier in the world.

√ Social obligation of Railways in 2013-14 was Rs 20,000 crore.

√ Gross traffic receipts in 2013-14 was Rs 12,35,558 crore and operating ratio was 94%

√ Indian Railways spent Rs 41,000 crore on laying of 3,700 km of new lines in last 10 years.

√ Fare revision will bring in Rs 8,000 crore. Need another Rs 9,000 crore for golden quadrilateral project.

√ Railways also proposes to set up Food Courts at major stations.




√ Need to explore alternative sources of resource mobilisation and not depend on fare hike alone, Railway minister says.

√ Spend 94 paisa of every rupee earned, leaving a surplus of only 6 paisa.

√ With 12,500 trains, railways move 23 million passengers every day which is equivalent to moving Australia's population.

√ Separate housekeeping wing at 50 major stations.

√ CCTV to monitor cleanliness activities.

√ Mechanized laundry will be introduced.

√ Dedicated freight corridor on Eastern and Western corridors.

√ 5400 unmanned level crossing removed.

√ Tourist trains to be introduced to link all major places of tourist interests across the country.

√ 4,000 women constables to be recruited to ensure safety of women. 17,000 RPF constables to provide safety to passengers.

√ Setting up of Railway University for technical and non-technical study.

√ Ultrasonic system to detect problem in track

√ Proposal to start Bullet trains on 

   Mumbai - Ahmedabad route. 

   Speed of important trains will also be raised.



√ Diamond Quadrilateral project of high speed trains to connect all major metros.

√ E-ticketing system to be improved. 

   

    Future e-ticketing to support 7200 tickets per minute & to allow 120,000 simultaneous users

√ ​Wifi in indian railways. Wifi in A1 and A category stations and in select trains. Internet-based platform and unreserved tickets.

√ GIS mapping and digitization of Railway Land. Extension of logistics support to various e-Commerce Companies.

√ ​Bulk of future projects will be financed through PPP mode.

√ Facilitate transport of milk through rail. Special milk transportation trains in association with Amul and National Dairy Association Board.

√ One ticket to reach from Delhi to Srinagar. Uddhampur to Banihal by bus and Banihal to Srinagar by train.

√ Mumbai local to get 860 new, state-of-the art coaches. 64 new EMUs to be introduced.

√ Train connectivity to Char Dham.

√ ​Paperless office of Indian railways in 5 years. Digital reservation charts at stations.

√ ​ Ready-to-eat meals to be introduced in phased manners.

√ 27 Express trains to be introduced.

√ 5 Jansadharan , 5 Premium AC trains to be introduced.

Asian Market Updates Today, Stocks to Buy Today on 07 July 2014

Asian equity markets were little changed on Monday in the absence of a lead from Wall Street last week due to the July 4 US holiday.

The mood was cautious after International Monetary Fund chief Christine Lagarde warned over the weekend that the pace of global growth may be weaker than expected in the second half of the year due to weak investment.

Lagarde also said she does not see a hard landing for China.

Hong Kong's Hang Seng was flat at 23,541.11.

Japan's Nikkei was flat at 5,444.29. Singapore's Straits Times rose 0.16 percent or 5.28 points at 3,277.53.

South Korea's Seoul Composite was down 0.37 percent or 7.39 points at 2,002.27.

Taiwan's Taiwan Weighted shed 0.13 percent or 12.82 points at 9,497.23. China's Shanghai Composite was flat at 2,061.11

Stocks to Buy Today:

√ BUY GVK Power & Infrastructure, Target Rs. 20.30 and Stoploss Rs 18.20

√ BUY Tata Communications, Target Rs 420, Rs 425 and Stoploss Rs 400

√ Buy Century Textiles, Target Rs 635, Rs 645 and Stoploss Rs 610

√ Buy Reliance Industries, Target Rs 1050 and Stoploss Rs 1015

Orkut will Shutdown on 30 September 2014. Let's Celebrate the Farewell of Orkut

Google after ten years of sparking conversations and forging connections, decided it's time for them to start saying goodbye to Orkut. Over the past decade, YouTube, Blogger and Google+ have taken off, with communities springing up in every corner of the world. Because the growth of these communities has outpaced Orkut's growth, Google decided to focus their energy and resources on making these other social platforms as amazing as possible for everyone who uses them.

Google will shut down Orkut on September 30, 2014. Until then, there will be no impact on you, so you may have time to manage the transition. You can export your profile data, community posts and photos using Google Takeout (available until September 2016). Google are preserving an archive of all public communities, which will be available online starting September 30, 2014. If you don't want your posts or name to be included in the community archive, you can remove Orkut permanently from your Google account. Please visit Google Help Center for any further details.

It's been a great 10 years, and Google apologize to those of you still actively using the service. Google hope that you will find other online communities to spark more conversations and build even more connections for the next decade and beyond.

Cooking Gas LPG price hiked by Rs 16.50 per cylinder

Price of cooking gas (LPG) was on Tuesday i.e. 1^st July 2014 hiked by Rs. 16.50 per cylinder and that of jet fuel by over half-a-per cent after international oil prices surged due to the ongoing Iraq crisis.

The increase in rates of non-subsidised LPG and ATF accompanies the Rs. 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced on Monday.

The price of non-subsidised LPG, which customers buy after using up their quota of 12 subsidised cylinders, was raised by Rs. 16.50 per 14.2-kg cylinder, the first hike in six months.

Each non-subsidised 14.2-kg cooking gas cylinder will now cost Rs. 922.50 in Delhi, up from Rs. 906, according to Indian Oil Corp (IOC), the nation’s largest oil firm.

Non-subsidised LPG rates were last month cut by Rs. 23.50 per cylinder. A subsidised LPG cylinder in Delhi costs Rs. 414.

Tuesday’s hike breaks the declining trend that started in February with a Rs. 107-cut in rates to Rs. 1,134 per cylinder.

It was followed by a Rs. 53.5-per-cylinder-reduction in March to Rs. 1,080.50, by Rs. 100 to Rs. 980.50 in April, by Rs. 52 in May and by Rs. 23.50 cut last month.

IOC said losses on LPG have risen to Rs. 449 per subsidised cylinder from Rs. 432.71 in the previous month. The loss was Rs. 762.50 in January.

Separately, the price of jet fuel or aviation turbine fuel (ATF), at Delhi was increased by Rs. 413.78 per kilolitre (kl), or 0.6 per cent, to Rs. 70,161.76 per kl.

The increase follows three straight monthly reduction, the last one of Rs. 1,285.89 per kl, or 1.81 per cent, which came into effect on June 1.

In Mumbai, jet fuel costs Rs. 72,411.21 per kl as against Rs. 71,940.36 per kl previously, IOC said. The rates vary because of differences in local sales tax or VAT.

Jet fuel constitutes over 40 per cent of an airline’s operating costs and the price hike will increase the financial burden of cash-strapped carriers.

No immediate comments were available from airlines on the impact of the price increase on passenger fares.

The three fuel retailers — IOC, Hindustan Petroleum Corp and Bharat Petroleum Corp — revise jet fuel and non-subsidised LPG prices on the first of every month, based on the average international prices in the preceding month.