Issue of tax free bonds of Rs 50,000cr for financing infrastructure project vs Rs 25,000cr raised in FY13.

Positive for Engg and Construction players.11:44 3000km of road projects to be awarded in 1HFY14. Positive for all road developers (IRB, ITNL, Ashoka).11:45 For home loans below Rs 25 lakhs for first time house buyer, additional interest of Rs 1 lakh allowed as deduction. Positive for LIC Housing Finance For investment in equities through RGESS, income elegibility raised to Rs 12 lakhs from Rs 10 lakh11:46 Introduction of inflation indexed bonds. Positive for incentivizing financial savings and discouraging physical savings in gold11:47 Natural gas pricing policy: Positive for ONGC, RIL11:48 Shale gas policy: Positive for ONGC, RIL and Crain over the long term11:49 About Rs 14,000cr provided for capital infusion in PSU banks, in-line with expectation. Positive for BOM, CNTBK, IOB, UNBK and DENA Bank11:55 Insurance cos. allowed to open branches in tier 2 centers without approval. Bank to be permitted to act as Insurance broker. Positive for all insurance companies like Max India, Bajaj Finserv. etc.12:00 FIIs allowed to participate in currency derivative segment. Positive for MCX.12:01 Generation based incentive for wind energy projects. Positive for Suzlon, Tata Power and Reliance Power12:06 839 new radio frequencies to be added. Positive for ENIL Fiscal deficit target for FY14 at 4.8% maintained, in-line with market expectations.12:17 Increase in surcharge on direct taxes generally negative for markets12:25 Terminal date of Sec 801A benefit extended for power generation companies by 1 year (upto 31st March 2014)12:30 Reduction in STT. Sentimentally positive for markets CTT introduced. Negative for commodity markets and MCX No change in Excise duty, in-line with expectations. Neutral for automotive sector Custom duty on STB increased from 5% to 10%. Negative for Dish TV, Sun TV etc12:39 Rationalization of custom duty on imported coal. Favorable for power and cement companies SED on cigarettes increased by 18%. Marginally negative for ITC and other ciggarette companies

SED on cigarettes increased by 18%. Marginally negative for ITC and other cigarette companies Excise duty on non-taxi SUVs increased from 27% to 30%. Marginally negative for M&M.