Asian markets
| April 1, 2024, 11:53 a.m.
Stock Markets Open New Fiscal Year on Strong Note, Sensex and Nifty Hit Fresh Record Highs
The stock markets commenced the new fiscal year on a robust footing, with both the Sensex and Nifty reaching new record highs during intra-day trade. Supported by positive trends in Asian markets and increased foreign fund inflows, the Sensex surged by 363.20 points to settle at 74,014.55, while the Nifty climbed 135.10 points to reach 22,462. Metal stocks led the gains, buoyed by encouraging Chinese PMI data indicating economic recovery. The positive sentiment is bolstered by expectations of a Fed rate cut in June and strong domestic earnings growth forecasts for Q4FY24.
Read More.| March 14, 2024, 3:44 a.m.
Indian Stock Market Set for Stable Opening Amid Profit-Booking and Mutual Fund Stress Test Awaited
The Indian stock market is poised to open with little change following profit-booking in the previous session, with attention turning to small- and mid-cap stocks ahead of mutual fund stress test results. The Nifty 50 is expected to open near Wednesday's close, with broader small- and mid-cap indices experiencing significant declines. Investors are cautious amid scrutiny from regulators and pending mutual fund stress test outcomes, while awaiting India's wholesale price index (WPI) inflation data. Meanwhile, Asian markets show muted sentiment, and Wall Street equities declined ahead of US producer price index data.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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