One, finance minister Nirmala Sitharaman emphasized in her budget speech that the government is keen to ensure that all Indians—irrespective of religion, caste, gender or age—enjoy the fruits of economic prosperity. There is a special focus on employment, skilling, MSMEs and the middle class. Two, and more importantly, her development measures and aspirations are undergirded … Read more
Budget 2024: On February 1, 2024, Finance Minister Nirmala Sitharaman presented the Interim Budget, outlining a comprehensive financial plan ahead of the general elections 2024. The budget proposed a total expenditure of ₹47.65 trillion for FY 2024-25, marking a 6% increase over the revised estimate for FY 2023-24. The Interim Budget projected total receipts at … Read more
Indian government bond yields jumped sharply on Tuesday, with the benchmark 10-year bond yield witnessing its biggest surge in eight months, as early voting trends in the Lok Sabha election results 2024 so far were falling short of market expectations. The benchmark 10-year bond yield was at 7.0130% as against its previous close at 6.9438%. … Read more
FPIs offloaded ₹25,586 crore worth of Indian equities and the total outflow stands at ₹12,911 crore as of May 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹8,761 crore in May 2024. “FPIs have been sellers in equity on most … Read more
Lok Sabha Elections 2024: Voter turnout is low, but the process is slow. People have waited for an hour and gone back without voting, said former HDFC Chairman Deepak Parekh while addressing the media following his vote at a polling booth in Peddar Road, Mumbai. Mumbai’s vote percentage has been exceptionally dismal for a very … Read more
Amid steep volatility, expiring weekly index options and foreign investor selling, the bellwether Nifty plunged 1.55% to 21,957.5, its biggest single-day fall since 17 January, while the Sensex fell 1.45% or 1,062 points to 72,404.17, its worst since 23 January. Nifty’s top five losers alone accounted for almost three-fifths of the index’s 345-point fall. Foreign … Read more
Outstanding positions in marketwide futures hit a record ₹4.38 trillion on Thursday when the May series of derivatives began, pointing to a volatile month ahead. Marketwide futures include single stock futures and index futures (Nifty and Bank Nifty). While the market has priced in a victory for the ruling National Democratic Alliance when the results … Read more
Taxpayers are the most ‘meaningless minority’ as far as general elections are concerned and political leaders can say anything on tax in a political rally and get away with it, according to Ashneer Grover. The former managing director of fintech major BharatPe has said if one tries to understand ‘tax politics in India’, only 0.5 … Read more
There are definite data points and trends that investors can look at to chart out their equity map during India’s moves in the elections. “Irrespective of election outcome, markets have delivered double digit returns during the election year,” says Feroze Azeez, Deputy CEO, Anand Rathi Wealth. View Full Image Nifty Before and After Lok Sabha … Read more
As India gears up for the general election 2024, the sentiment on Dalal Street also turns cautious. The outcome of the election will be a pivotal event and is likely to have a significant influence on the Indian stock market as it holds immense sway over investor sentiment, shaping expectations and policy trajectories. The equity … Read more