The options data indicates near-term resistance at 21,800 and support at 21,500
Technical View | Nifty faces hurdle at 21,850 on way up; volatility come down on budget day on February 1, 2024 at 11:51 am
The options data indicates near-term resistance at 21,800 and support at 21,500
Revenue came in at Rs 134.7 crore, up 5.2 percent from the year-ago quarter
Revenue came in at Rs 134.7 crore, up 5.2 percent from the year-ago quarter
Shares of Tata Motors rallied 24 percent in the October-December quarter, beating Nifty 50, which rose 10.7 percent during the same time. The stock also hit a new high on January 31 ahead of its results announcement.
The AYUSH Ministry has been allocated Rs 3712.49 crore for FY 25 which is 23 percent higher than the previous year
In a speech lasting less than an hour – the shortest in recent memory – the FM unambiguously showcased her government’s confidence in returning to power in the general election based on its track record and not promises of freebies. In 2019, the BJP-led NDA was on the backfoot and was forced to announce a… Continue reading What Budget 2024 says about the rewiring of India on February 1, 2024 at 9:29 am
Nifty Metal led the losses, falling around 1 percent. Nifty Pharma, Infra and IT indices were also trading with losses. On the flipside, gains in Nifty PSU Bank, Auto, Bank, Energy and FMCG indices capped losses for the headline indices.
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.