Market News on BHEL's New Project with Tata Motors Vehicle's Price Updation

Bharat Heavy Electricals Limited has received a Rs 5000 crore worth Power Project in Tamilnadu. This new project has made a huge impact on BHEL Stock and as per the latest updates BHEL is currently moving up with the hike of 7.82%. Siemens has announced to sell its Health Care Business to its parent company on the 4th of March. After this announcement Siemens Stock jumped up by 27 points and currently trading at 1053 with the lead of 2.68%. Experts say, there is a great upcoming for Siemens in the near future. 

According to the RBI, the Foreign Institutional Investment in Tata chemicals have reached its limit and there is no way to invest any further in the current situation. Company stock hasn't shown any activity till now, but can show higher movements in next few days.  After the SES increment in this Budget, Tata Motors has increased the price of Passenger Vehicles by 2000 - 35000 rupees. Same increment is expected from other Auto Manufacturing Companies and this hike will definitely affect the company stocks.

Soybean prices a mild recover on short covering @ Latest Update by Money Maker

NCDEX Soybean futures opened the on negative note extending its yesterday’s gains on short covering Traders and investors were on buying spree in anticipation of announcement of import duty hike in the budget.

The Soybean futures are forecast to trade on a negative note during the day on emergence of selling pressure Commencement of harvesting of rabi Oil seeds will pressurize the entire Oil seeds complex including soybean. Sell on high is recommended for the today’s trading session.

 @ Buy NCDEX Soyabean April Around 3,700 Targets 3,850 Stop loss 3611  

Market on Boost but New Budget Affecting Aviation & Telecom Industries

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.