FMCG data show rural demand continues to underperform urban demand
According to Radhika Rao, there could be a broadening of the support for manufacturing and supply chain rejig. Fiscal incentives, like the production linked incentive scheme, have benefitted many sectors, especially electronics, including the production of mobiles.
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
Varun Lohchab of HDFC Securities expects that the markets to respond favourably if the status quo is upheld for LTCG (long term capital gains).
Prashant Pimple of Baroda BNP Paribas Mutual Fund expects FY23 to stick to approximately 6.4 percent FD/GDP in line with last year's budget and FY24BE to target fiscal deficit of around 6 percent of GDP, on path of fiscal consolidation.
The government is expected to announce a record gross borrowing of 16 trillion rupees ($196.28 billion) for 2023-24 when it presents the federal budget on Feb. 1, according to a Reuters poll of economists.
The ongoing earnings season, global market cues, domestic macroeconomic data announcements and auto sales numbers would also influence trading in the market, analysts said.
India's power consumption grew in double digits in the first nine months of FY23 despite elevated coal price and the same is reflected in strong power generation growth of 11.6 percent on-year
This week is crucial for the market as there are a lot of events lined up, including the Union Budget, the US Federal Reserve commentary, monthly auto sales numbers, and corporate earnings, all of which will give a direction to the market
The divestment program of the country has gone too slow in the last 8 years and focus on the divestment and deployment of funds into infrastructure creating jobs should be the sole focus at this stage.
Moneycontrol conducted a survey of 30 market experts, including fund managers, analysts, heads of research, chief investment strategists and officers, to get their views on some important questions relating to the upcoming Union Budget
Moneycontrol conducted a survey of 30 market experts, including fund managers, analysts, heads of research, chief investment strategists and officers to get their views on some important questions relating to the upcoming Union Budget.
The Sensex and the Nifty ended the week 2% lower in the run-up to Budget 2023 and the US Fed Reserve meeting. The BSE smal, mid and large-cap indices fell 3.5%, 2.6% and 3%, respectively
In this week, Indian rupee fell 40 paise against the US dollar to close at 81.52 per dollar on January 27 against its January 20 closing of 81.12.
Anand Rathi of Anand Rathi Group anticipates the budget to place a significant emphasis on boosting rural consumption.
Of the total 30 stocks, Dabur India, ITC, Tata Power and Mahindra & Mahindra were the only stocks that ended in green
In today’s edition of Moneycontrol Pro Panorama: Should investors worry about turnover ratio, can banks pull up Nifty, problems posed by ‘time theft’ and ‘quiet quitting’, school learning outcome disappoints, and more
Budget 2023-24: The slowdown in discretionary consumption may be due to factors such as weakening of pent-up demand and elevated inflation hurting household savings
Experts say the market is jittery ahead of two key events—Union Budget 2023-24 and the US Federal Reserve meeting; see it bouncing back after the Budget
Budget 2023: Limit orders and strict stop-loss can be lifesavers on the Budget Day, says Rajesh Sriwastava
Fiscal consolidation, policy reforms and higher capital expenditure to support growth are likely to be high on the finance minister’s agenda, says the Chief Investment Officer-Equities.
Capital expenditure may be flat in the Budget for FY 2024, experts say, mainly because of concerns over the mounting debt levels of NHAI
Fiscal consolidation, policy reforms and higher capital expenditure to support growth are likely to be high on the finance minister’s agenda, says the Chief Investment Officer-Equities.
Incentives for development of infrastructure for storing and transporting agri products could become a game-changer. Also, programs to help increase crop yields and diversify income sources may get a leg up.
'The unemployment data waves up & down; and the data should be taken with a pinch of salt'. Karthik Srinivasan, Group Head Financial Sector & Aditi Nair CPO from ICRA join Moneycontrol in an exclusive conversation. What are their expectations from the budget, & what can the banks, common people & companies expect from the budget announcement in 2023? Watch this interview to know more.