Public Sector Banks Moment Today:-19th-Feb

PSU Banks further fall around 10% post exposure revelations in PNB fraud case which puts further pressure on benchmark index.

 

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Nifty & Bank Nifty Trend 12Feb

BANK NIFTY FUTURE LEVELS

SUPP 1: 25220
SUPP 2: 24870
RES 1:25760
RES 2: 26250

NIFTY SPOT LEVELS

SUPP 1: 10270
SUPP 2: 10100
RES 1: 10550
RES 2: 10870

Sensex closed at 34,005.76 points — down 407.40 points or 1.18 per cent from its previous session’s close, while the Nifty50 fell by 121.90 points or 1.15 per cent to close at 10,454.95 points National Stock Exchange, the wider Nifty50 edged higher by 71.35 points or 0.68 per cent to trade at 10,526.30 points.

 

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Budget 2018 : Key Highlights By MarketMagnify

>>To propose next financial year health, education cess at 4%
>> Increase in customs duty on mobile phones to 20% from 15%
>> Propose to cut import duty on raw cashews to 2.5% from 5%
>> Govt levies long-term capital gains tax of 10% for over Rs 1 lakh investments
>> Deduction for senior citizens increased to Rs 50,000 for medical insurance
>> FM Arun Jaitley: No change in personal income tax structure.Standard deduction of Rs 40,000 for salaried taxpayers » Read more