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Indian Stock indices skyrocketed today as budget finally boosted indian stock markets, both Bombay stock exchange and National Stock Exchange looked in festive mood today with indices like 30 component large-cap SENSEX and national Stock Exchange's NIFTY rising by over 3 percent today.
Also Read-
Finance budget 2011-12 highlights
Railway budget 2011-12 highlights
Nifty closed at 5522.30, up 189.05 points. The broader index touched a low of 5373.55 during intraday trade.
The 30 companies benchmark index SENSEX closed at 18446.50, up 623.10 points. The 30-share index touched a high of 18478.68 in day trading.
Another major news about Budget is that it has brought LLC under tax net of 18.5 percent Alternate Tax, Hence Mukesh Ambani's RIL stake which he distributed in 27 LLC's is bound for Tax, I could not stop laughing at this news as a phone from ministry to Mukesh Ambani would already have told "This time you can try way X as under this method you still dont have to pay tax. The announcement about LLC tax is only for those who do not give proper share to Finance ministry..... Well this is entirely my supposition and might not be actual correct or would never be revealed(if it is correct).
HAPPY TRADING!!
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