Live Market Updates: Sensex Falls 200 Pts As Market Awaits Economic Survey; IT Drags

President Pranab Mukherjee today favoured a constructive debate on simultaneous elections to Lok Sabha and Assemblies and funding of polls to eradicate money power. The Government, he said, is also committed to combating terrorism and to ensure that perpetrators of such acts are brought to justice.

In his address to the joint sitting of both the Houses of Parliament marking the opening of the Budget session, Mukherjee referred to the government's demonetisation decision to fight blackmoney and corruption as also the surgical strikes across the LoC as bold decisions, both of which were received with thumping of desks by members.
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India Economic Survey 2017 LIVE: FM To Table Report In Parliament Shortly

Taking a break from the news on Economic Survey and the Budget, the Donald Trump government has introduced a bill in the US Congress that attempts to reform the H1-B visa process.
In other news, Kerala MP E Ahamed fainted during the Parliament briefing and is being rushed to hospital, NDTV reports.

Meanwhile, CNBC Awaaz is reporting via sources that the Economic Survey will forecast the yearly GDP growth at 7.7 percent-8.1 percent.

That would come as music to the ears of the stock market, which would latch on to any such news.

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Budget Session Begins ; Economic Survey 2017

The demonetisation move has gotten under way the world's biggest cash winnowing exercise with individuals given 50-days to store old notes in banks and post-workplaces by December 30. Faultfinders have saved no punches about the move for making torment clueless individuals bringing about employment misfortunes, and also constraining long lines at ATMs and bank offices. 

India remains the world's quickest developing significant economy in front of 6.7 percent development in China that is fighting a modern stoppage, however question marks stay over its capacity to clutch that status taking after the demonetisation drive.

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Sensex, Nifty Start Budget Week Flat; L&T, ITC, ICICI Up

The Sensex is down 16.18 points at 27866.28, and the Nifty down 8.10 points at 8633.15. Around 197 shares have progressed, 131 shares declined, and 112 shares are unaltered.

ITC, L&T, ICICI Bank, Sun Pharma and ONGC are best gainers while Infosys, Tata Motors, Adani Ports, Axis Bank and HDFC Banks are washouts in the Sensex.


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Wall Street Ended On A Mixed Note On Friday After The Initial Fourth Quarter GDP

Wall Street finished on a blended note on Friday after the underlying final quarter GDP read missed the mark regarding gauges, yet figured out how to record week after week picks up of around 1 percent. The Dow Jones slipped 10 focuses yet held over 20,000-stamp. US President Trump Friday presented movement controls that has started a reaction in the United States and abroad. He put a 120-day hang on permitting displaced people into the nation, an inconclusive prohibition on outcasts from Syria and a 90-day ban on subjects from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.

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Budget 2017: Should Align Tax Treatment Of MF Retirement Plans With NPS

This financial plan may drastically change the pace of expense change. Impose rates on individual citizens could be diminished or if nothing else the edge and duty sections changed to give motivators to proclaiming wage and maybe, to lift utilization. Justification of corporate expense is required to restore corporate spirits. While there may not be any positive amazements in capital increases charges, there has been a far reaching hypothesis that the administration, in Budget 2017-18, may present new guidelines for saddling capital additions from stock ventures. Presently, there is no expense ramifications for increases produced using stocks that have been held for a year. This base holding period, as per reports, might be raised to 2 or 3 years. There is likewise no restriction on the tax-exempt increases, which may be topped at a high sum. As of now, there is a 15% expense on stocks sold inside a year, this might be expanded to 20%.

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Nifty Holds 8650 Amid Consolidation; Lupin, Wipro, HUL Down

The market is as yet observing great purchasing enthusiasm with the Nifty up 60.05 points or 0.7 percent at 8662.80. The Sensex is up 232.32 points or 0.8 percent at 27940.46. BHEL, ICICI Bank, Axis Bank, HDFC and GAIL are best gainers while Lupin, Wipro, Cipla, HUL and Hero MotoCorp are washouts in the Sensex. Gold fates today fell 0.85 percent to Rs 28,176 for each 10 grams as members cut their wagers in the midst of a feeble worldwide pattern. Moreover, benefit booking by examiners likewise weighed on gold costs.

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Sensex, Nifty Continue To Rally; BHEL, Axis, GAIL Top Gainers

BHEL, Axis Bank, GAIL, NTPC and ICICI Bank are beat gainers while Lupin, Wipro, Tata Steel, Bajaj Auto and Cipla are failures in the Sensex. The Union spending plan will be a "market-impartial" occasion as policymakers are not liable to change their strategy position and will keep on focusing on financial combination, says a Morgan Stanley report. "We don't expect real changes in the direct of monetary arrangement and consequently, see the financial plan as a market-impartial occasion," Morgan Stanley said in an examination note.

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The Nifty Is Up 22.05 Points Or 0.3 Percent At 8624.80

The market has opened February Futures and Options arrangement on a solid note with the Nifty over 8600. The Nifty is up 22.05 points or 0.3 percent at 8624.80 while the Sensex is up 122.76 points or 0.4 percent at 27830.90. GAIL, BHEL, ICICI Bank, TCS and Sun Pharma are best gainers while Wipro, Dr Reddy's Labs, Lupin and Tata Steel are washouts in the Sensex. The Indian rupee opened lower by 10 paise at 68.18 for each dollar on Friday versus Wednesday's end of 68.08.

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