Budget Video

See Nifty around 5800-5850 before Budget: Fin Stream

Amit Trivedi, Director, Fin Stream Financial Advisors believes though, the market is moving down over the past few days it is not something significant.

JPC to submit report on 2G scam by end of Budget session

CNBC-TV18 economic policy editor Siddharth Zarabi reports The Joint Parliamentary Committee (JPC) on the 2G scam is all set to wind up its probe. Addressing the media on Tuesday, committee chairman PC Chacko said that the JPC will submit its report by the end of the Budget session.

Advance-decline ratio key; bet on oil, LIC Hsg Fin: Experts

Portfolio manager PN Vijay of askpnvijay.com points out the advance-decline ratio is a key indicator of retail sentiment which rose to about 1.5 at the end of the day. Gautam Sinha Roy of Motilal Oswal Securities adds that the oil sector is very lucrative with the government starting to hike prices of diesel

See pre-Budget rally take market up 3-5%: Expert

Sandip Sabharwal, chief executive officer, Prabhudas Lilladher believes the market will rally about 3-5 percent before the Finance Minister announce the Union Budget for 2013.

MMTC, RCF, SAIL, Nalco sell-off as per plan: Govt

Ravi Mathur, disinvestment secretary, GoI, says that as per the action plan for this financial year, the government will try to complete planned divestments before the end of the financial year.

Mkt may go up 8-10% post Budget, bet on Maruti, ICICI: Vora

"We are not looking at very deep corrections; we are looking at this phase of slight range bound movements with a slight downwards bias to continue," said Amisha Vora of Prabhudas Lilladher in an interview to CNBC-TV18.

Nifty may not correct sharply before Budget: Sampriti Cap

Sandeep J Shah, CEO, Sampriti Capital, says that he does not expect the market to correct sharply before the Budget. Correction is already underway in the midcaps and small caps space, where they have corrected between 10-20 percent.

Hasten reforms; inflows to chase India, BRIC: Experts

CNBC-TV18 takes you to the Edelweiss Conference 2013 where S Nagnath, CIO, DSP Blackrock Mutual Fund, Sharad Sinha, VP, Asia Pacific and Japan, industry strategy and insight, Oracle and Navneet Munot, CIO, SBI Mutual fund to offer their perspectives on the reform process, growth and what the year 2013 holds for India.

Rally on strong Budget; hold ITC, says expert

Independent analyst Ambareesh Baliga estimates that the market will post a strong rally if the Budget is fiscally prudent and advises investors, on CNBC-TV18, that ITC is the stock to hold in the consumer segment.

Edelweiss Sec picks Tata Power, Adani, L&T and JSW

Investors at the Edelweiss conference gave a mixed reaction. Nischal Maheshwari of Edelweiss Securities in an interview to CNMBC-TV18 observed that international interest has increased and domestics are bit skeptic given that the budget is around the corner.

Subbarao warns of record CAD

Reserve Bank Governor Duvvuri Subbarao today cautioned the country was headed for the highest ever current account deficit this fiscal, after it rose to 5.3 percent of GDP in the second quarter.

Nifty may see 6200 if budget prudent; PSBs a worry: Dalton

UR Bhat, MD, Dalton Capital Advisors, says that the market is eyeing the upcoming Budget for action. If the Budget is prudent then the Nifty will touch 6200 levels.

Budget 2013: Finance ministry may hike indirect taxes

If Pranab Mukherjee's last Budget saw an increase in the service tax and standard excise duty rates from 10 per cent to 12 per cent, this coming budget may see finance minister P Chidambaram opting for yet another hike in order to shore up revenues.

Mkt gearing for 2014 polls, Budget may not worry: Experts

Dhirendra Tiwari, head of research, Antique Institutional Equities told CNBC-TV18 that he is not worried about the market run up to the Budget but the 2014 elections. "There are policy initiatives that government is taking which will help the market to consolidate at the current levels and may also go up post Budget," he adds

Students want cheaper education loan interest from Budget

Student community is building high hopes from the Budget 2013. Most students want the Finance Minister P Chidambaram to focus on education loan interest especially when it comes to studying abroad.

Lower tax slabs, add exemptions for the salaried

While the last Budget had lowered, minimum exemption for income tax from Rs 1,80,000 to Rs 2,00,000, salaried individuals are looking for more tax cuts this year too.

Mr FM, hike cap on LPG cylinders say homemakers

This year, homemakers had to deal with an ever growing inflation. Limit on LPG cylinders were imposed and fuel price was hiked multiple times, burdening the common man‘s pocket.

Senior citizens need more security & rail compensation

More security and a little more compensation is what the senior citizens are hoping for the FM to offer in the Budget 2013. Senior citizens feel that the government sometimes overlooks the senior citizens and hence needs to protect the old ones.

Muted global growth, steep oil rates to keep CAD up: Nomura

Sonal Varma, economist- India, Nomura Financial Advisory and Securities maintains that the Central Statistical Organisation's (CSO) FY13 estimates of GDP at 5 percent fall below the expected range of 5.3-to-5.5 percent.

Downgraded cement to underweight, buy FMCG: Nomura

Prabhat Awasthi of Nomura Financial Advisor says the slowdown in the economy is evident from the tepid corporate results, which is why the market has not moved ahead. He expects 9-10 percent returns from Q3 earnings.

Budget 2013-14: FY14 disinvestment target likely to be around Rs 30,000 cr

The government has now met 73 percent of its Rs 30,000 crore disinvestment target for this fiscal. What are the government targets for FY14 and what could be the likely disinvestment targets.

Budget 2013-14: Retail sector sees hope in GDP no; counts on supply reforms

Stressing that high indirect taxes are crushing the retail and FMCG sector, industry leaders are demanding that the government reconsider the current rates of service taxes and excise duties in this year's Budget.

Budget 2013-14: Praful Patel to seek stimulus package for auto industry

Giving a glimmer of hope to the auto industry, the heavy industry minister Praful Patel today said he would be meeting the finance minister P Chidambaram and possibly seek a stimulus package for the industry at the backdrop of declining sales from all major auto companies.

Equity mkt more interested in Budget than GDP data: S Naren

According to S Naren of ICICI Prudential AMC some of the data used in arriving at the GDP data is back dated and equity markets tend to look forward.

Demoralised but not giving up yet, says Samir Arora

The price action for the last few trading session has been depressing and most investors are feeling a bit demoralised, says Samir Arora, fund manager at Helios Capital.

Budget 2013: Mkt consolidation on; no Budget surprises, says Baer Cap

Alok Sama, president and founder, Baer Cap Partners explains on CNBC-TV18 that the market is in a phase of consolidation with increased global liquidity and risk-appetite driving the current rally.He expects no surprises from the Budget.

Could Budget 2013 to be shining armour for jewellery sector

The gems and jewellery sector had a lackluster 2012, with muted consumer demand, rising costs and import duties, all stealing considerable sheen. The gems and jewellery export promotion council (GJEPC) is now going all out to ensure the glitter does not lose its shine in 2013. CNBC-TV18‘S Farah Bookwala reports their expectation from Budget 2013.

IT dept may end Vodafone's tax woes by Budget with circular

Even as the Income Tax department and Vodafone executives have held several rounds of talks to settle Rs 11,200-crore tax dispute, the absence of enabling provisions for a settlement is likely to be addressed in the forthcoming Budget.

FM hints at cut in defense Budget, ministries fume

FM hints at a cut in the defense Budget. P Chidambaram says he maybe forced to cut defence expenditure by Rs 10,000 crore for want of money; even the UPA‘s flagship schemes like NREGA may not see any hike in allocation, reports CNBC-TV18's Aakansha Sethi.

Policy stasis pins mkt down; limp Budget rally: Quantum

Sanjay Dutt, director, Quantum Securities explains on CNBC-TV18 that liquidity is still very sparse in the system and the downside is limited after the recent correction. Dutt adds that structural hurdles needed to be addressed to improve investor-sentiment and expects PSU banks to correct by 10-15 percent from current levels.

Budget 2013-14: India Inc looks for lower taxes; says perception paramount

The industry is not very happy with the proposals regarding minimum alternate tax (MAT). Neither is it in favour of reports that Budget 2013 could see the revival of inheritance tax nor the delay in implementing goods and service tax.

Budget 2013-14: FinMin considering taxation of controlled financial corps

We learn from sources that the finance ministry is considering the taxation of controlled financial corporations. CNBC-TV18‘s Aakansha Sethi reports.

Market may drift lower! Experts bet on banking stocks

The BSE Sensex closed the day today at 19659.82; 91.37 points lower than yesterday‘s close. Sudarshan Sukhani of s2analytics.com, feels that the market is in a bottoming out process and 5950 could hold a base for the Nifty. Right now, I have short positions in the market with a stop loss of 6,000. I think the market will go down.

Budget 2013: No surge in short-term; Budget key to fiscal target: HSBC

Leif Eskesen, chief economist - India and ASEAN, HSBC explains on CNBC-TV18 that the PMI data for January was mixed and the government may find it difficult to achieve the target of 5.3-percent fiscal deficit set for FY13.

Budget 2013-14: Expect major FII inflows only post budget: ICICI Securities

"Recent government reforms have boosted the investor sentiment. The investors are willing to invest in India and the mood seems distinctly positive," says Anup Bagchi, MD & CEO, ICICI Securities in an interview to CNBC-TV18.

Budget 2013: Mkt to consolidate; avoid infra, bet oil says IIFL

Nirmal Jain, chairman, IIFL expects the market to consolidate at same levels till the Budget. "The market has witnessed a good run-up since 2012 and FII inflows are strong," he explains on CNBC-TV18 and adds that the market continues to move lower due to poor DII outflows.

Checkout: Tulsian's view on BOB, IFCI, Jubilant Food, BHEL

State-owned Bank of Baroda‘s net profit dropped nearly 22 percent year-on-year to Rs 1,012 crore for the quarter ending December 31, 2012, dented by higher provisions against bad loans. SP Tulsian is bullish on the bank and recommends entering into the stock with a positional view.

Budget 2013: India set to boom on investor-high, attractive mkt: Naina

Naina Lal Kidwai, country head, HSBC India and director, HSBC Asia Pacific explains on CNBC-TV18 that the Indian economy set to boom on strong investor sentiment and an attractive market

Bullish on oil marketers, high risk stocks: Dimensions

There has been more of good, than bad news over the past few weeks and this represents a good opportunity to look at stocks which have corrected sharply, feels, Ajay Srivastava, CEO, Dimensions Consulting.

Budget 2013: Budget key mkt trigger; buy Dabur & BoI, says Religare

Tirthankar Patnaik, EVP - institutional sales, Religare Capital Markets explains on CNBC-TV18 that the Budget Session is likely to be next trigger for markets.

Govt making right moves; buy both HDFC stocks: Malkani

In an interview to CNBC-TV18, Jagdish Malkani, member, NSE & BSE says the Government is making all the right moves to boost the market sentiment in the run up to the Union Budget 2013.

Budget 2013-14: Inheritance tax: Will it put more burden on families?

The noise against a proposal to recall the infamous estate duty to life is gaining volume. CNBC-TV18's Ashmit Kumar finds out what one can do to reduce the burden of this tax, should it come to pass.

Govt will meet disinvestment target of Rs 30k cr: DK Mittal

DK Mittal, secretary of financial services, GoI, shares his view on banking regulation amendment bill. He says that the RBI being the regulator will be the notifying authority, and they will issue the guidelines for the banking regulation amendment bill very shortly maybe in next two weeks time.

Budget 2013: Bet on oil; brace for EU, US correction, says expert

Amit Dalal of Tata Investment explains, in an analysis on CNBC-TV18, that the oil and gas sector over a 12-to-18-month view is a lucrative investment option on widespread consensus of the need to reduce then subsidy burden and advises investors to brace for a correction in the US and European markets

India in bad shape; doubt mkt will rally post budget: Ambit

Andrew Holland, CEO (Equities), Ambit Capital says India is one of the worst performing markets globally this year. "It might be flashing green, but stock prices are really not moving," he told CNBC-TV18 in an interview.

Budget 2013: Implementation key; overweight on DLF says HSBC India

Jitendra Sriram, MD & head of research, HSBC India explains that there has been an increase in interest on the government grappling with the process of announcing and implementation of reform initiatives. While the RBI continues to face stress, Sriram highlights that land acquisition and local approvals continue to remain road-blocks.

New direct tax code, hike in indirect taxes likely: Sources

Parthasarathi Shome, key member of the Finance Minister's budget team today hinted at a hike in indirect tax rates to 14% even as the Finance Ministry works on a new direct taxes code.

Nifty remains directionless; Feb series to be volatile

Today is expiry of the long January series. It hasn‘t been a bad series, but people would have expected more. Today is also an important day for the earnings calendar ICICI Bank, Punjab National Bank (PNB), Mahindra Satyam, Lupin will announce numbers today.

Budget 2013: Market outlook positive for next 6-12 months: Nirmal Jain

Nirmal Jain, chairman, India Infoline, says that the market may be range bound and will hold around 20000 levels before the Budget. The government is taking several steps towards reforms, like diesel price hike and cut in subsidy of LPG and fertilizer, so I am positive and optimistic, I think growth will come back.

Budget 2013-14: Excise dept mulls appointing cost accountants for cost data

The excise department is mulling to appoint cost accountants for calculation of cost data for the auto sector. The development has left the auto industry worried, reports CNBC-TV18‘s Ronojoy Banerjee quoting sources.