Showing posts with label Aviation Turbine Fuel. Show all posts
Showing posts with label Aviation Turbine Fuel. Show all posts

Tuesday 1 March 2016

Market on Boost but New Budget Affecting Aviation & Telecom Industries

Money Maker Financial
The Indian market is boosted up high today and performing great, except only few stocks and currency market. In Hot Stock Updates- The increased price of Aviation Turbine Fuel will directly hit the Aviation Industries. Stocks of Jet Airways, Spice Jet and Indigo will be negatively affected by this budget. Bharat Earth Movers Limited has received a Rs 900 crore contract for metro development in Kolkata. Currently, BEML stock is moving up with the hike of 2.39% and may go higher today.
Axis Bank has bought 4.9% stake of Max Life Insurance in 95.75 crore rupees. After this announcement, Axis Bank Stock took a big jump in today. This new Budget plan will load up an extra burden on Telecom Companies. Now they will have to pay extra service tax on Spectrum Trading.   For more latest market news updates stay tuned to our Blog.

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