BUDGET UPDATES~~~!!!!

Budget FY2014 Highlights: JNNURM allocation 14800 cr; will be beneficial for Ashok Leyland

Budget FY2014 Highlights: Lower than expected allocation towards food security bill positive for the market

Budget FY2014 Highlights: 3000 KM of road projects to be awarded in next six months' Key beneficiaries will be ITNL, IRB and Larsen

Budget FY2014 Highlights: Additional deduction of interest of Rs 1 lakh for first time housing loan upto 25 lakh; Beneficiaries are HDFC, Dewan Housing and LIC housing Finance

Budget FY2014 Highlights: New deduction in allowance for housing loan also positive for mid-size real estate companies like Ashiana Housing and Sobha Developers

Budget FY2014 Highlights: Recapitalisation of public sector bank of Rs 14000 cr; Positive for PSU banks like Syndicate Bank and SBI

Budget FY2014 Highlights: FII's Allowed to participate in Currency Derivative Market in India

Budget FY2014 Highlights:  PPP in coal projects; Positive for Coal India

Budget FY2014 Highlights: Fiscal deficit contained at 5.2% for current year and 4.8% for next year; Positive for market

Budget FY2014 Highlights: Corporate surcharge changed from 5% to 10% for corporate; negative for market

Budget FY2014 Highlights: Set-box import duty hiked from 5% to 10%; Negative for Dish TV, Hathway etc.

Budget FY2014 Highlights: Excise duty on cigarettes hiked by 18%; Negative for ITC

Budget FY2014 Highlights:  Excise duty on SUV hiked; Negative for M&M

FII's allowed to participate in Currency Derivative Market in India. Positive for currency derivative markets  volumes.

Commodity Transaction Tax to be levied on non agri commodities futures at 0.01%

Budget FY2014 Highlights: No change in excise, service and custom duty; Positive for market

Budget FY2014 Highlights: Zero excise duty on cotton yarn; Positive for Arvind and Vardhaman