Ahead of the budget announcement, the indian stock market is moving carefully as investors anticipate significant tax breaks. The two main indices that provide insight into the performance of the markets, the Sensex and Nifty, commenced the day flat.
The NSE's Nifty was up 20 points in early trading, while the 30-share BSE Sensex was up 136 points. At 11 a.m., Finance minister Nirmala Sitharaman will unveil her record-breaking eighth consecutive budget, outlining the economic outlook for the upcoming fiscal year.
As investors anticipate significant financing for capital expenditures and allocations for the energy industry, the majority of sectoral indexes opened higher ahead of the Finance Minister's speech, with Nifty Realty and Nifty Energy leading the advance.
The NSE's Nifty was up 20 points in early trading, while the 30-share BSE Sensex was up 136 points. At 11 a.m., Finance minister Nirmala Sitharaman will unveil her record-breaking eighth consecutive budget, outlining the economic outlook for the upcoming fiscal year.
As investors anticipate significant financing for capital expenditures and allocations for the energy industry, the majority of sectoral indexes opened higher ahead of the Finance Minister's speech, with Nifty Realty and Nifty Energy leading the advance.
Nifty Bank, Nifty Finance, and Nifty oil and Gas were among those who weighed.
As the markets awaited statements from the renewable energy industry, Inox wind, Inox wind Energy, KPI Green, and Suzlon all experienced increases in their stock prices. Hindustan Aeronautics and BEML, two defense equities, are also rising.
Since the epidemic, the indian markets have experienced tremendous growth due to a huge influx of retail investors. Over the last four months, there has been a downward trend, despite the administration remaining optimistic about the crash.
As the markets awaited statements from the renewable energy industry, Inox wind, Inox wind Energy, KPI Green, and Suzlon all experienced increases in their stock prices. Hindustan Aeronautics and BEML, two defense equities, are also rising.
Since the epidemic, the indian markets have experienced tremendous growth due to a huge influx of retail investors. Over the last four months, there has been a downward trend, despite the administration remaining optimistic about the crash.
A significant downturn in 2025 might have a domino effect and guarantee greater engagement from new retail investors, according to the Economic survey released yesterday.
Chief Economic Adviser v Ananta Nageswaran stated that India's economy is still expanding at the quickest rate among major economies, with the poll projecting a growth of 6.3-6.8% in the fiscal year that starts in April.
Chief Economic Adviser v Ananta Nageswaran stated that India's economy is still expanding at the quickest rate among major economies, with the poll projecting a growth of 6.3-6.8% in the fiscal year that starts in April.
