Stock Market Live Updates: Market Falling Ahead of Budget 2024, Sensex Down Over 100 Points, Nifty Below 24,500 – News18

Stock Market Live: Calls Grow For Increased Healthcare Investment To Advance Nation’s Development

“If we want to advance our nation, we must increase investment in healthcare,” Sandeep Verma, Country Head of Consumer Health at Bayer Pharmaceuticals Pvt Ltd, was quoted as saying by IANS.

PM Modi In Parliament Ahead Of Union Budget Presentation By FM Sitharaman

Farhat Jamal Of Travel, Tourism & Hospitality Lauds Infrastructure Development Impact on Sector

“Firstly, I want to start by thanking and congratulating everyone on the phenomenal development in infrastructure, which has had a hugely positive impact on travel and tourism. The kind of roads, highways, and airports that we have today, along with railways like Vande Bharat, are extremely positive for tourism,” Charmaim of Travel Tourism & Hospitality Farhat Jamal was quoted as saying by IANS.

Stock Market Live Updates: Torrent Power’s KC Mahalik Advocates Lower GST Rate Ahead of Budget

Market Expert Anticipates Balanced Growth, Digital Infrastructure Focus In Union Budget

“The forthcoming budget will aim to balance growth-driven initiatives with measures focused on digital infrastructure and fiscal discipline in key sectors of the Indian economy, including manufacturing and agriculture, to foster economic development,” Saurabh Saha, CEO of Universal Business & Cooperative Services, was quoted as saying by IANS.

Market Live Updates: Expectations for Growth and Sectoral Reforms from Market Perspective

“This Budget should be a good Budget. It will be a balance of growth. Even for the stock market… one of the things that the government may announce is either a SET rollback or a reduction in LTCG tax or a rollback. From the perspective of growth, some key announcements will be made in aviation, railways, roads, and ports. With the help of technology, people will get more… development will happen and it will help in overall growth of the country,” a man outside the BSE building in Mumbai was quoted as saying by PTI.

Stock Market Live Updates: Focus On Budget Deficit, Public Capex And Social Spending

Stock Market Live Updates: Federal Bank Surges As RBI Approves KVS Manian As MD & CEO

Shares of Federal Bank surged 5% following RBI’s approval of KVS Manian’s appointment as Managing Director & Chief Executive Officer. The stock surpassed its previous high of Rs 197.80 set on July 18, 2024. Year-to-date, Federal Bank’s market price has soared approximately 30%, outperforming the market.

Stock Market Live Updates: Rupee Rises 4 Paise to 83.62 Against US Dollar In Early Trade

The rupee appreciated 4 paise to 83.62 against the US dollar in early trade on Tuesday, ahead of the Budget presentation. Forex traders said the local currency gained strength as crude oil prices and the American currency retreated from their elevated levels. Moreover, foreign fund inflows also supported the rupee.

At the interbank foreign exchange market, the local unit opened at 83.64, and touched an early high of 83.62, registering a gain of 4 paise from its previous close. On Monday, the rupee consolidated in a narrow range to settle 4 paise higher at 83.66 against the American currency.

Stock Market Live Updates: Markets May Face Bigger Crash Than Election Day If…

According to Chris Wood, global head of equity strategy at Jefferies, “any unfavourable changes” regarding the capital gains tax for shares in Budget 2024 could result in a bigger sell-off in the stock market than the post-election reaction.

Nirmala Sitharaman Arrives At Parliament With Budget Tablet To Present Union Budget

Indian Bond Yields and Rupee Steady Ahead of Union Budget 2024

Indian bond yields opened unchanged Tuesday and remained steady ahead of the Union Budget 2024 announcement. The yield on the 10-year benchmark bond, maturing in 2034 with a coupon rate of 7.10 percent, started the day at 6.9662 percent, slightly lower than the previous close of 6.9663 percent.

Meanwhile, the Indian rupee also opened flat against the US dollar, starting at 83.64 compared to 83.67 in the previous session’s close. It is trading marginally lower at 83.63 against the greenback.

Budget May Usher In More Standardised Approach To Taxation, Focus on Capex, PLI: Moody’s Analytics

The Union Budget for FY25 is likely to usher in a more standardised approach to taxation and ensure policy continuity with higher outlay for capex and PLI schemes while ensuring fiscal prudence, Moody’s Analytics said.

Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget on Tuesday. The Budget is the first of the BJP-led government, which won a majority in Parliamentary elections last month.

In a post-election Budget preview, Moody’s Analytics Associate Economist Aditi Raman said Prime Minister Narendra Modi’s Bharatiya Janata Party will be looking to nurture confidence and public trust in the new coalition government that it now leads.

(PTI input)

Sitharaman Again Takes Tablet In Red Pouch To Present Paperless Budget

Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional ‘bahi-khata’ style pouch as she headed for Parliament to present the full Budget 2024-25 in a paperless format just like the previous years.

Draped in a white silk saree with magenta border, she posed for the traditional ‘briefcase’ picture outside her office, along with her team of officials, before heading to meet the President

Stock Market 2024 LIVE: Will FM Sitharaman Touch Upon Derivatives Trading?

Derivatives trading, which has mostly driven the stock market’s rise since the COVID-19 epidemic, is something that the government and regulators wish to curtail since they view it as speculative and dangerous.

Sensex Climbs 264.33 Points To 80,766.41 In Early Trade Ahead of Budget Presentation; Nifty Up 73.3 Points To 24,582.55

RBI Approves Krishnan Venkat Subramanian as MD & CEO of Federal Bank

The Reserve Bank of India has greenlit Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of Federal Bank, effective September 23, 2024, for a three-year term. Formerly Joint Managing Director at Kotak Mahindra Bank, Subramanian brings extensive banking experience to his new role.

RBI Approves Krishnan Venkat Subramanian as MD & CEO of Federal Bank

The Reserve Bank of India has greenlit Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of Federal Bank, effective September 23, 2024, for a three-year term. Formerly Joint Managing Director at Kotak Mahindra Bank, Subramanian brings extensive banking experience to his new role.

Sensex and Nifty Open Higher on Budget Day Amid Positive Global Cues

Indian indices started the day strong on July 23, with the Nifty trading above 24,550. The Sensex rose by 193.35 points or 0.24 percent to 80,695.43, while the Nifty gained 53.40 points or 0.22 percent to reach 24,562.70. Gainers on the Nifty included UltraTech Cement, HDFC Life, M&M, Grasim Industries, and Eicher Motors, while Shriram Finance, HCL Tech, ONGC, HDFC Bank, and Divis Labs faced losses.

Ajit Mishra of Religare Broking Advises Hedged Strategy for Stock Investors

Ajit Mishra, Senior Vice President of Research at Religare Broking, advised a careful approach, suggesting a hedged strategy. He recommended looking for buying chances in stable stocks with low volatility, particularly in defensive industries, while being discerning in other sectors.