Analysts at ICICI Securities believe that the government policy direction would remain broadly consistent after the formation of a coalition government at the center by BJP along with its allies, securing a third term for Prime Minister Narendra Modi. In the quarter ended March 2024, at the Nifty index levels […]
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In May, the Indian stock exchanges were closed for two days. In observance of Maharashtra Day, both exchanges were closed on May 1. The BSE and NSE were also closed on May 20 in addition to May 1 due to the general elections, which included competing for all six Lok […]
The surge comes after the Reserve Bank of India (RBI) announced a substantial ₹2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields. “The infusion of funds is akin to an indirect rate […]
However, in the second half of today’s trade, the market took a U-turn, led by gains in bluechip stocks, rise in broader markets as well as in most sectoral indices. The Sensex jumped as much as 611 points to its day’s high of 74,070.84, surpassing the crucial 74,000 levels while […]