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Much as it was expected, the hour-long Budget special chat with DD Sharma, vice-president, Anand Rathi Securities, revolved mostly around rising prices and taxation. A veteran market analyst that he is, Sharma handled the questions deftly while giving some valuable insights into the Budget.
Here is the transcript:
D.D.SHARMA says, Budget now a days is not a big event as the FM usually moves as per declared policy. But some time surprises comes which are absurd.
vinod asked, budget this time is not working perfectly all politians are telling what is your opinium
D.D.SHARMA answers, at 2007-03-01 16:01:38Budget this is not having many things on expected lines so every one is disappointed.
pradeep asked, Hello The budget measures are inflationary One example is the way the cement and steel companies have reacted by increasing the prices.Do you see strained relations between industry and govt
D.D.SHARMA answers, Ya, as for as Cement is concerned the FM failed to anticipate that differential excise will lead to increase in cement prices.
pradeep asked, Hello The budget measures are inflationary One example is the way the cement and steel companies have reacted by increasing the prices.Do you see strained relations between industry and govt
D.D.SHARMA answers, may not be strained relations, but they have to work out solution together, rather then FM imposing conditions
mahesh asked, is small car prices go up
D.D.SHARMA answers, no, they will not
nik asked, hi is there any change in prices of tvs and other electronics..? Pls advice.. Thanks..
D.D.SHARMA answers, not,
nik asked, hi is there any change in prices of tvs and other electronics..? Pls advice.. Thanks..
D.D.SHARMA answers, no
pramod asked, hello sir good evening. i m m.com. part 1 student as well c a pe 2 pursuing . i want to know how the bodget is able to breake the price hike??
D.D.SHARMA answers, not necessarily, because many items causing inflation are out of budget purview
haneefa asked, is t worth to buy india cement at this level
D.D.SHARMA answers, yes, if you are long term investor
seem asked, how about IT sector? Is it worth investing in them for a year
D.D.SHARMA answers, yes, sure, the price correction due to MAT imposition is over. But you should be selective
Ranjan asked, I have a feeling that FM would have made changes to budget immediately after the results of Punjab and Uttarakhand were declared. Some of the harsh measures would have been removed overnight. Do you feel the same?
D.D.SHARMA answers, may be.
sharma asked, Has budget done any change to PPF and postal instruments returns
D.D.SHARMA answers, No
soumen asked, what do you think Mr. sharma what will the effect of MAt on IT sector
D.D.SHARMA answers, MAT impact in real terms is - it preponed the expected tax liability in 2009, to now.
Guru asked, Does dividend tax and esop tax affect the market sentiment.
D.D.SHARMA answers, yes, I think they are surprise elements in budget and affected the sentiments.
pramod asked, wat r the reason that sensex falls down on second day of budget?
D.D.SHARMA answers, Sensex was already in weak mode and budget failed to lift the sentiments.
Sumit asked, Mr sharma can u tell me why did the markets react so negatively to the budget yday
D.D.SHARMA answers, Due to surprise elements of - Excise hike on Cement, MAT on IT sector and FBT on ESOPs etc
bks asked, whether this budget will be able to reduce the pressures on intt rates
D.D.SHARMA answers, I think no.
Sumit asked, sir can u tell me is it the time to invest or exit from markets?
D.D.SHARMA answers, one can selectively invest for long term.
singhranjan asked, Hi Sir..i would like to know impact of MAT on profitabilities of indian IT biggies like TCS,WIPRO,INFOSYS,SATYAM..
D.D.SHARMA answers, Most of them will not be affected significantly
seem asked, can u suggest a few IT sector shares which can be safely invested for long term
D.D.SHARMA answers, NIIT & APTECH
china asked, do you agree PC's statement that govt would be happy to see fighting inflation at 3%????????? China is revaluating their currency, due to a hell lot of pressure on them. however, many of the segments and sector, after this budget are open to imports from them, what is your take on overall scenerio ?
D.D.SHARMA answers, No, Ithink govt is not worried if inflation is below 5%
hari asked, Sir is section 80 IB removed and in case it is removed have the same benefit being covered under sectiob 80 IA
D.D.SHARMA answers, 80 I B not got extension, so it will be over as scheduled. 80 I A benefits are for different activities.
Sumit asked, sir do u think this relief rally can last long bcos i feel post chinese meltdown the effect never lasts in a single day n will play the impact in long term too
D.D.SHARMA answers, I think, till nifty is below 3950, its a pull back only.
nitin asked, EDUCATION CESS 3% IS APPLICABLE WITH IMMEDIATE EFFECT OR AFTER BILL IS PASSED
D.D.SHARMA answers, It will be after bill is passed
sujit asked, Agriculture has come down to 18% from 25% of total GDP in last decade as 60% depends on agriculture in India. Is india concentarting on Less AGRICULTURE. aS 40 % of indian fresh produce is going waste. no one paying any heed to it. 40% is nearly 20 Billion dollars. Is govt taking any steps in this budget to arrest this problem.
D.D.SHARMA answers, Ya, I think the incentives for cold storage, better road transport and Food processing are maent to address this problem.
gannu asked, can i claim exemption only for a constructed house or can i claim even for a house which is still in construction? i mean once my EMI starts...
D.D.SHARMA answers, only after you get possession
china asked, ok tell us, do you feel or let me rephrase that you agree that sensex will touch 20,000 points???? ( mr. junjunwala made this statement in presense of eminent stalwarts like Mr. Damani and other when sensex was just around 6000 to 7000)
D.D.SHARMA answers, ya, sure but you should have patience of couple of years.
Anil asked, I would like to know if the budget is really that bad as to what the opposition parties are trying to make? Is it that they are making so much of noise just for the heck of opposing it? Kindly clarify
D.D.SHARMA answers, Budget bad or good for short term, but long term growth story of India is so strong that country will continue to move forward.
gannu asked, Hi, is it that only mid size and small size IT companies are affected due to MAT?
D.D.SHARMA answers, Ya, mostly Midsize companies will be adversly affected by MAT as they are not having onshore offices where tax is paid, for which large companies will get credits.
Sanjib Kumar Padhy asked, What do you think Mr. Sharma Sales Tax rate will hike or not
D.D.SHARMA answers, sales tax is not issue in central budget.
Shivam asked, Would you take any responsibility to claims that the current down market (stock exchange) is due to not only USA market trends but the budget?
D.D.SHARMA answers, definitely not due to budget only. Mkt were in downtrend even before budget.
neerajnarayan asked, Hi..Is there any changes in the excise duties on footwear?
D.D.SHARMA answers, ya, Excise duty cut from 16% to 8%.
natesa asked, which industry sectors are likley t be severly affected and which one likely to get a boost
D.D.SHARMA answers, no severe affect, only short term affect. In long term growth will take care of all concerns.
amal asked, which sector i can invest
D.D.SHARMA answers, Power, engg & Const and Media contents
om asked, Whats one for really long terms investor in Uniteh,Satyam,ONGC,Aban &NCC
D.D.SHARMA answers, NCC looks better.
china asked, i watch a tv channel yesterday, a retired preident worked with Fed Bank, USA said USA would rise the interest rate, would this affect our stock market?
D.D.SHARMA answers, US is not likely to raise the interest rates, but if it does so then it can influence interest rates across globe.
nbd asked, DD sharma, will the budget create any effect in performance of our team in world cup.?
D.D.SHARMA answers, I don't know really.
Sumit asked, mr sharma do think fm wld be able to deliver on a growth rate of 9.2% when its a known fact congress has failed completely whn it comes to inflation
D.D.SHARMA answers, Our country's growth is not dependent on parties or politics, its from our people and it will continue
textan asked, Education Cess 3% effective from march 1 or april 1?
D.D.SHARMA answers, April 1st
nimish asked, how much is the dividend distribution tax in case of liquid funds & money market mutual funds, for individuals & for companies.
D.D.SHARMA answers, 25%
china asked, What is the Budget's big message?
D.D.SHARMA answers, Growth will continue, spendings on infrastructure to grow.
china asked, The price-based excise on cement takes you back to the inspector raj days ? Do you agree?
D.D.SHARMA answers, not really, but definitely not a good idea from FM
sivakumar asked, i think PC has disappointed the salaried class this time too by not increasing the limit to 150000.. what is your say?
D.D.SHARMA answers, ya, definitely he disappointed, particularly when compliance is higher, and inflation rising.
ammu asked, Sir, please tell me whether Tata Steel @ current price is a worth to buy
D.D.SHARMA answers, ya, Its good buy for long term investor,
archana asked, WILL IRON ORE export be affected with Bidget??
D.D.SHARMA answers, it will be costlier to export
sandeep asked, Can I enter in IT Infosys, TCS, Wipro & satyam or wait for more correction in coming days
D.D.SHARMA answers, you can buy on all declines.
Akshat asked, hello sir sir did respected FM really did anything special in this budget? I don't think so. so sir Basically what message does he want to convey to the investors around the globe by comming up with such a budget?
D.D.SHARMA answers, ya, he failed to impress the business as well as common man.
Gurpreet asked, Any scope for public-private partnership to develop infrastructure in India?
D.D.SHARMA answers, It is very much underway.
swamy asked, sir, I would like to know, Service tax basic threshhold limit got increased from 4lk to 8lk. Current v r in 3.5 Lk service v done, so v r not collected the service tax, but next year v crosing the 4lk limit, do v need to collect service tax for next year please suggetst sir swamy
D.D.SHARMA answers, If you are expecting turnover crossing 4 lakh, then you should start collecting.
D.D.SHARMA says, THANKS TO ALL; BYE.
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