Banks will struggle with slower credit growth while corporate bonds are set to become more attractive
Finance Sector and Budget: A season of stark contrasts for banks and corporate bonds on February 1, 2024 at 9:50 am
Banks will struggle with slower credit growth while corporate bonds are set to become more attractive
Top Nifty gainers were Maruti Suzuki, Cipla, Eicher Motors, SBI Life Insurance and Power Grid Corporation, while losers included UltraTech Cement, LT, Dr Reddy#39;s Laboratories, JSW Steel and Grasim Industries.
According to Varma, the interim Budget “bodes well” for India#39;s macroeconomic stability and will be seen as a positive by the Reserve Bank of India.
The world#39;s third-biggest oil importer and consumer boosted imports of Iraqi oil to offset the drop in Russian oil imports, according to the data.
Automakers in India release monthly wholesale numbers or sale of vehicles to dealers at the beginning of each month.
Vaccinating girls against cervical cancer, the launch of more medical colleges, and improved mother-and-child care plans, among others, are seen as big positives for healthcare companies.
The government also reduced fiscal deficit target at 5.1 percent of GDP for FY25. It revised down fiscal deficit target for FY24 to 5.8 percent from 5.9 percent of GDP.
The impact of Interim Budget on equity markets will be neutral to mildly positive for the near term and other emerging triggers will drive its trajectory later, said Dhiraj Relli, MD CEO, HDFC Securities.
The budget contains a multitude of numbers, one as important as the next. Here, Moneycontrol tells you which numbers matter the most and what they mean for the economy in 2024-25
Revenue for the same period last year wad Rs 489 crore