New Delhi: The union government may increase the outlay for the Rashtriya Krishi Vikas Yojana (RKVY) for FY25 by about 10% to ₹8,308.3 crore in the upcoming budget, two people aware of the development said. The RKVY scheme was launched under the department of agriculture and cooperation (DAC) of the agriculture ministry in 2007 and … 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
Bernstein expects sectors such as infra, manufacturing, domestic cyclical, financials, and SOEs (state-owned enterprises) to lead, while consumer and IT will lag. For a few days, SMIDs (small and midcaps) may do better than large caps, said Bernstein. The final two phases of the seven-phase Lok Sabha election 2024 are scheduled for May 25 and … Read more
Samir Arora, the founder and fund manager of Helios Capital, expects the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to secure a comfortable majority, and present a market-friendly budget focused on economic reforms in its next term. “So, we continue to be bullish,” he said in an interview. However, in the event of any … Read more
Nifty 50 will have scaled up to the 25,810 mark by December 2024, highlighted domestic brokerage Prabhudas Lilladher in its most recent India Strategy Report, Democratic Hat-trick to Re-Rate Markets. The ongoing rule of the National Democratic Alliance (NDA) government and the La Nina-led regular monsoons, which are predicted to bring policy stability and accelerate … Read more