29 Feb '16, 2am

Sensex, Nifty to Open Lower on Weak Global Cues, All Eyes on Budget: The Nifty futures traded on the Singapore...

The Sensex and Nifty are likely to open lower in trades on Monday tracking weak global cues. But investors will be focused on Finance Minister Arun Jaitley's third budget, which would be presented at 11 a.m. Mr Jaitley faces a tough task of balancing fiscal consolidation and economic revival, while setting more funds for salary hikes of government employees and bank recapitalization. He also needs to increase allocation for the rural sector, under distress on account of back-to-back droughts. Also Read: Sensex Heads Into Budget With Worst Monthly Performance In 7 Years Markets will be more interested in the government's fiscal deficit target, corporate tax reduction roadmap and announcements on capital gains tax, dividend distribution tax and securities transaction tax. The good thing is expectations are fairly low, given the sharp decline in stock markets ahead of budget....

Full article: http://profit.ndtv.com/news/market/article-sensex-nifty-t...

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