Budget 2020 LIVE with Anil Singhvi: PM Modi hails budget; Expects MSMEs, Startups to create huge job opportunities
Budget 2020 with Anil Singhvi LIVE: With FIIs, DIIs, farmers, investors, industry to common man, everyone was looking at FM Nirmala Sitharaman today as she presented the Union Budget in Parliament.
Budget 2020 with Anil Singhvi LIVE: With FIIs, DIIs, farmers, investors, industry to common man, everyone was looking at FM Nirmala Sitharaman today as she presented the Union Budget in Parliament. Zee Business Managing Editor Anil Singhvi was there with his expert panel on Zee Business TV to give you all the breaking news, latest announcements and share market tips in an easy-to-understand manner through the day. (#BUDGET2020ZEE)
Get all the breaking news and top analyses from experts as Anil Singhvi breaks down the Budget in an easy-to-understand manner through the day:
Latest Updates
- Budget 2020 has outlined agriculture, infrastructure, textile and technology for job creation: PM Modi
- Ayushman Yojana has helped us expand healthcare reach: PM Modi
- Rs 100 lakh crore budget allocation for 65 infra project will create huge number of job opportunities: Narendra Modi
- Budget 2020 strengthens our vision 'Minimum Government, Maximum Governance': PM
- Budget 2020 will create huge number of jobs in rural India: PM
- Budget 2020 will empower each and every citizen: PM
- Kisan Rail and UDAN scheme to make equilibrium in demand and consumption: PM
- Sensex crashed 987 points and closed at 39,735 levels, Nifty nosedives 300 points after closing at 11,661 mark
- FM Sitharaman cuts short her budget speech at fag end
- Sensex tanks over 500 points, Nifty below 11,800 levels
- 100 more airports announced under UDAN scheme
- Now companies need not to pay DDT
- Sitharaman proposes to remove DDT (Dividend Distribution Tax)
- An income taxpayer earning from Rs 12.5 lakh to Rs 15 lakh to pay 25 per cent income tax
- An income taxpayer earning from Rs 10 lakh to 12.5 lakh to pay 20 per cent only
- An income taxpayer earning from Rs 7.5 lah to Rs 10 lakh to pay 15 per cent
- An income taxpayer earning from Rs 5 lakh to 7.5 lakh to pay 10 per cent
- Fiscal deficit for FY 21 targeted at 3.5% of the GDP
- Nominal GDP growth for FY21 estimated at 10%
- FM Sitharman proposes to bring LIC IPO
- Cap on NRI investment in corporate bonds raised to 15%
- MSME loan restructuring scheme extended for one more year
- Government to sell its stake in IDBI Bank
- Bank deposit insurance raised from Rs 1 lakh to Rs 5 lakh
- Fiscal deficit targeted at 3.5 per cent of the GDP in FY21
- Focus on job creation. Proposal to incept National Recruitment Agency
- Rs 15 lakh crore Farm Loan to be disbursed by 2021
- FM Nirmala Sitharaman proposes trains for farmers
- Proposal for electrification of 27,000 km of railway network
- States to get 42 per cent of the net tax collection in FY21
- Rs 22,000 crore allocated for power and renewable energy
- Rs 8,000 crore fund allocation for Quantum Technology Programme
- Rs 6,000 crore fund allocated for the Bharat Net Programme
- Thurst on power infrastruture development, especially hydel power
- Promise for the Delhi-Mumbai Expressway by 2023
- 150 new high-speed Tejas like trains to be introduced
- Rs 3.6 lakh crore allocated for Jan Jeevan Mission.
- Sitharaman re-iterates to double farmers' income by 2022.
- FM Sitharaman promises simple version of GST in 2020.
- Buy Finolex India for targets Rs 600, Rs 620. Stop-loss Rs 560
- Buy Dabur for the target of Rs 513. Maintain stop loss at Rs 500
- FDI in education sector approved, education stocks may gain.
- Shares of SBI, Saregama India, Reliance Industries, Tata Motors, IRCTC, Yes Bank among most trending stocks today.
- Auto stocks witness fresh buying. Shares of Maruti Suzuki India, Bosch, Apollo Tyres, M&M among major gainers
- Realty stocks rise. Shares of Indiabulls Real Estate, Sobha, Prestige Estates Projects, DLF, Oberoi Realty among major gainers
- FM Sitharman promises easy version of the GST in 2020
- Buy Bajaj Finance for an intraday target of Rs 4450. Maintain stop loss at Rs 4340.
- GST has helped contain bank NPA: Sitharaman
- India is 5th largest economy of the world: FM Nirmala Sitharman
- Modi Government has managed to contain inflation: FM
- Finance Minister Nirmala Sitharman begins her budget 2020 speech; Sensex rises over 100 points; Nifty tests 12K.
- As FM Nirmala Sitharaman about to begin her budget speech Sensex, Nifty pare early morning losses.
- Buy Mahanagar Gas shares for target Rs 1225. Maintain stop loss of Rs 1170.
- Budget Stock: Buy SBI for target Rs 330, stop loss Rs 317.
- Intraday Call: Buy Voltas for target Rs 712, stop loss Rs 690.
- Push to growth, entrepreneurship and practical fiscal deficit targets on cards. Overall a market-friendly budget expected.
- ITC, HUL stocks rise on strong Q3FY20 results.
- Zee Business Budget (#BudgetOnZee) EXCLUSIVE: MDR charges on debit cards may get waived-off today.
- Budget (#BudgetOnZee) MyPick: Buy LIC Housing Finance for intraday target of Rs 455
- Zee Business experts give buy call on PNB Housing.
- Repco Home has made a breakout today and now it is poised for 15-20 rupee upside from current levels.
- Stock market jobbers are advised to avoid taking any position in the foods and beverage companies.
- Stock market jobbers can buy New India Assurance stock for the target of Rs 170. One should strictly maintain the stop loss at Rs 155.
Housing Finance stocks to gain post-budget presentation
As Nirmala Sitharaman is expected to announce some relief for the homebuyers and housing finance companies, housing finance shares are expected to gain post-budget presentation. Shares like HDFC Housing Finance, Can Fin Finance and Indiabulls Housing Finance can be a good share to buy.
Intraday call: Buy Rallis India for Rs 250 target
Stock market jobbers can buy Rallis India ahead of the Budget 2020 (#BudgetOnZee) maintaining the stop loss at Rs 237 for the target of Rs 250 per stock levels.
Share to buy: Buy DLF for Rs 280 intraday target
DLF is showcasing some upside movement and one can buy DLF shares for the target of Rs 280 before budget 2020 (#BudgetOnZee). One can buy DLF shares at current market levels maintaining the stop loss at Rs 230 per stock levels.
Buy Dr. Lal Pathlabs before budget 2020 (#BudgetOnZee)
Dr. Lal Pathlabs share price is expected to hit Rs 1,850 before budgget 2020 (#BudgetOnZEE). Traders are advised to buy Dr. Lal Pathlabs shares maintaining stop loss at Rs 1,790 per stock levels.
Jobbers are advised to avoid any buy position
The intraday trade session can be classified into two parts — pre-budget presentation, post-budget presentation. As global markets are not supporting any rally at Indian indices, jobber are advised not to take any bulk buy position as it has become difficult to find support levels of Nifty.
Major Levels at Nifty
Nifty is expected to hit 11,900-850 and those who have taken short position should go for short-covering at around 11,850 levels.
Stock Market: Sensex, Nifty down in pre-open trade session
Sensex, Nifty and other major indices are trading down in pre-open trade sessions. The BSE Sensex is down 30 points at 40,753 levels while the Nifty-50 index is 23 points down at 11,939 levels.
Buy DLF shares at current levels
FM Nirmala Sitharaman may announce some measures for the housing finance companies. Hence, DLF being the major player in the sector can move upward on these announcements.
Relief for equity investors
Nirmala Sitharaman may remove Long Term Capital Gains (LTCG) Tax and DDT (Dividend Distribution Tax) to reward the investors for raising their risk-appetite.
Budget MyPick: Buy HDFC Housing Finance before Sitharaman presents her budget
Nirmala Sitharman is expected to announce some bold measures for the Housing Finance companies and hence a share market can buy HDFC Housing Finance at current market levels.
Buy L&T before Budget 2020 is presented
L&T is expected to become a major beneficiary of the budget 2020 proposals as FM Nirmala Sitharaman is expected to announce big measures for the infrastructure sector. So, a stock market investor should buy L&T at current levels.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.