Against the backdrop of a provisional budget lacking growth-oriented objectives, the rather conservative 11% augmentation in capital expenditure, in contrast to the revised target of 28%, may not engender widespread optimism. However, it has set off the market for the next rally in anticipation of the final show on theRead More →
Domestic equity benchmarks BSE Sensex and Nifty 50 logged their best week in 2024 so far, as the government’s fiscal prudence in Interim Budget 2024 boosted sentiments. The benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, driven by gains in heavyweights suchRead More →
The capital infusion by the government comes in support of investments in energy transition projects by the OMCs. The rally picked up by OMC stocks also comes after the Organistation of Petroleum Exporting Countries and its allies (OPEC+) on Thursday signaled it will stick with oil production cutbacks this quarter,Read More →
Union Finance Minister Nirmala Sitharaman addresses the post-Budget press conference, in New Delhi, Thursday, Feb. 1, 2024. | Photo Credit: PTI In her speech for the 2024-2025 Budget, Finance Minister Nirmala Sitharaman spoke of “a new scheme of bio-manufacturing and bio-foundry” to provide “environment-friendly alternatives such as biodegradable polymers, bio-plastics,Read More →
Railway stocks witnessed a fall after Interim Budget 2024 announcements. The fall was triggered by some kind of profit booking that followed the lack of a big-bang announcement in Interim Budget for the railway sector. Shares of Indian Railway Finance Corporation (IRFC), IRCON International, Rail Vikas Nigam (RVNL) dropped 2.85%,Read More →
Domestic equity benchmarks Nifty 50 and Sensex logged their worst performance since the week ending October 27 dragged by information technology (IT) stocks – culminating in a second consecutive week of losses. The frontline indices fell about 1.3 per cent each over the three sessions in the last holiday-truncated week,Read More →
