Sensex rallies 440 pts day after interim Budget, Nifty tops 21,850; PSEs up

Stock market highlights on Friday, February 02: In the broader markets, the BSE MidCap index gained 0.8 per cent, while the BSE SmallCap index added 0.5 per cent

9:03 AM

What do fiscal targets mean for bond, equity markets?

The government’s aggressive fiscal targets set bond markets on fire. So, will the government's fiscal gliding path provide the necessary balm to bond, and in turn equity markets? WATCH VIDEO

8:57 AM

Interim Budget 2024-25: Banks likely to see heavy trading gains in Q4

Commercial banks are likely to post heavy trading profits in the January-March period after a lacklustre third quarter, as government bond yields fell in response to a lower than expected fiscal deficit target for FY25 announced in the interim Budget, translating into lower market borrowing. READ MORE

8:53 AM

Interim Budget: Infra focus, fiscal prudence are positives for street

The interim Budget on Thursday maintained the government’s focus on infrastructure development while surprising the street with its fiscal deficit target. In an election year, the government resisted the temptation to announce populist measures. READ MORE

8:49 AM

Automakers post highest ever monthly passenger vehicle wholesales in Jan

The preceding peak occurred in October 2023, with domestic sales by automakers reaching 391,811 units in India during the festive period. READ MORE

8:45 AM

A 5,800% renewables stock surge has some Indian investors worried

India’s renewable energy stocks have enjoyed a scorching rally for the past two years as retail buyers pile in, but their extended valuations are flashing warning signs. READ MORE

8:41 AM

ALERT:: Gift Nifty quotes atop 21,900; hints at over 100 pts opening gain

8:37 AM

Asian Market Update:: Major indices rally over 1%

Source: Yahoo Finance

8:33 AM

Stocks to watch on Feb 2: Indian Hotels, Hero Moto, Eicher, NMDC, RITES

Q3 earnings today: Tata Motors, UPL, IndiGo, Delhivery, Bank of India, Aegis Logistics, Bikaji Foods and Devyani International, among others.  READ MORE

8:29 AM

Will focus on compliance first, and not technology, says Paytm CEO

Paytm to pause lending operations for a few weeks to address partners' concerns; 30,000 slaes force already working with merchants. READ MORE

8:24 AM

Interim Budget 2024-25: Debt fund managers cheer lower borrowing

The lower-than-anticipated borrowing plan announced in the Interim Budget adds to the tailwinds for the debt market, which was already in a sweet spot on expectations of peaking of interest rates and demand pick up on the back of global index inclusion, say debt fund managers. READ MORE

8:19 AM

Budget fails to enthuse markets: How the Budget affects key sectors

EY India takes a look at how top stocks fared on Thursday when Finance Minister Nirmala Sitharaman presented the Interim Budget for FY25. READ MORE

8:15 AM

India equity-focused investment trusts in Japan grow 11% in January

In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan's data on international investment positions. READ MORE

8:11 AM

Bull Spread strategy for IndiGo Feb expiry amid strength on daily charts

Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, Indicating strength in the stock, as per Nandish Shah. READ MORE

8:06 AM

Downtrend on charts for Nifty FMCG, Nifty Pharma: Check key levels

The Nifty Energy Index is currently displaying a range-bound pattern on charts, with levels oscillating between 37,200 on the upside and 36,350 on the downside. READ MORE

 

8:02 AM

USIBC President hails India as a 'pillar of stability' in uncertain world

US-India Business Council (USIBC) President, Ambassador Atul Keshap, reflecting on the sentiment among members of the USIBC, highlighted India's growing stature as a "pillar of stability" in an uncertain world. READ MORE