Traders struggle to catch up with Jaitley's speed from cigshotsale's blog

Possibly the most difficult part of working in a broker dealing room while the Finance Minister delivers his Budget speech is figuring out the meaning of a proposal and then deciding real-time what the change is Cheap Cigarettes For Sale Online, how much of a change it is, and what market orders to set. And it can get confusing at times. For instance, after Arun Jaitley makes a series of announcements about changes in excise duty, he moves on to a new tax on commercial vehicles. Which changes the whole story because a customs duty increase, which is what Jaitley was talking about, is protectionist and makes imported commercial vehicles less price competitive with locally-made versions. And predictably, Tata Motors was moving up, ending the day three per cent higher at Rs 593.65. It information overload on Budget day. This is the institutional equity dealing room at a Mumbai-based brokerage and a team of five are watching Jaitley on TV while tracking relevant stocks and taking orders from clients at mutual funds, insurance funds, FIIs and bank treasuries. The Sensex has gained nearly a percent as Jaitley launches into his speech. Teal-time Budget reactions excitement come with the Minister sanctioning one lakh km of road projects Buy Discount Cigarettes. Suvarna, the team research analyst, pulls up Sadbhav Engineering Newport Cigarettes For Sale, an Ahmedabad-based civil construction company. Stocks get added to the watch list as the announcements start coming in Bajaj FinServ on NBFCs being allowed to use Sarfaesi Act to recover bad loans Cigarettes Online Store, MCX on the SEBI-FMC merger, and ITC, Godfrey Phillips and VST Industries on the dramatic increase of tax on cigarettes. As Jaitley skips over the public banking sector, which was hoping to recapitalisation from the government, private banks start moving up. A private sector bank treasury arm calls the dealing room to sell 6,800 shares of Axis Bank at Rs 595. A great time to book profits as the stock moved up eight per cent during trade. A second sell order comes in BHEL at Rs 276 a good price, given the stock three percent rise before Jaitley began his speech was followed by a five per cent fall after it. On the retail side, the trades were more predictable, and directly related to Budget announcements. At another retail-only brokerage dealing room, ITC saw the most action, with nearly 30,000 orders coming in for the stock. Banks were close behind, with Axis, YES and ICICI being favourite buys. The thrust on defence brought in another 17,000 orders on Rolta India by retail investors. As the markets wound down for the day and reactions to the Budget appeared to be mixed, dealers said domestic and foreign institutional clients booked profits or took to covering their short positions. So Jaitley first full-fledged Budget, for which the exchanges were kept open on a Saturday Newports Cigarettes Price, generated much tamer activity than everyone was led to expect.
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