Indian Finance Minister will present Interim Budget today. Market experts are looking forward to relief for common man as the elections are approaching. Government may announce small tax cuts.

Oil PSUs are facing tough time as fuel credit for major Indian Airlines has crossed Rs 1000 crore mark. Various Airline companies are under pressure due to lower sales and high oil prices.

Bartronics has received order worth Rs 5000 crore from Municipal Corpration of Delhi to install 2000 kiosks which will serve as data banks for local consumers, businessmen and service providers.

Japanese Economy is facing tough times as GDP has witnessed decline of 12.7% during the last quarter. The GDP fell for third quarter as exports were lower by 13.9%. Japan’s Nikkei has fallen nearly 12% this year.

While crude oil prices are declining, the price of gasoline is rising in many US States. During year end, the prices of gas were at $1.61 and have climbed up to $1.97 this Sunday. As most refiners have reduced production, the average utilization is at its lowest in last 17 years.