Historical data suggests that NIFTY50 typically closed within a range of -2% to +2% on budget day in 12 out of 14 sessions.
This suggests that a range of 4% is well-defined for budget day movements.📈
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Budget sectors expectations!📈
- Relief on Standard Deduction
- Middle-Class Friendly /Populist budget
• Textile Sector (prices and allocation -positive)
• Electronics manufacturing ( positive)( but overvalued as of now)
• Fertilizers ( positive) but recently ran, still...
Make in India: Google to manufacture drones in Tamil Nadu, with potential exports to the US, Australia, and other countries. Alphabet's subsidiary, Wing LLC, specializing in drone delivery services, will lead the manufacturing operations in Tamil Nadu.
Larsen & Toubro secures a contract to construct a solar cum energy storage plant in Bihar. This significant order, valued between ₹1,000 and ₹2,500 crore, marks a major milestone for the construction giant.
Hyundai Motor Company´s plan to list its domestic arm, more MNCs to consider listing their India arms. According to the sources, Investment banking was in early-stage talks with about half a dozen MNC firms, which are exploring options to list in India to unlock value and help th...
With an eye on volumes as well as investing in future technologies, leading passenger-vehicle (PV) makers have lined up investments of over ₹ 2 trillion over the next few years.
Nvidia, Microsoft and Apple together make up market capitalisation worth $9.7 Trillion,
That is worth more than _*any of the stock market in the world*_ except the US exchanges NYSE and NASDAQ
🔴🔴🔴Adani Group’s Ambuja Cements on Thursday announced it would acquire Hyderabad-based *Penna Cement Industries Ltd (PCIL)* at an enterprise value of *₹10,422 crore*. This is the group’s third acquisition since it entered the cement business less than two years ago, in Septemb...
We have been taught since childhood that DOLLAR IS A RESERVE CURRENCY!
Because 80% of the world’s trade happens in dollars and the majority of it is Oil Buying & Selling.💰💰💰💰🛢️🛢️🛢️
What was US-Saudi Petrodollar Agreement?🇺🇸🇺🇸🇸🇦🇸🇦
In the 1970s, the US and Saudi Arab...
Bengaluru leads in Electric Car Registrations in 2023 surpassing Mumbai!🚙
Nvidia Corp. becomes the first computer chip company ever to hit $3 trillion in market capitalization. It was already the world’s most valuable semiconductor firm.
The shares of the company have rallied roughly 147% this year, adding about $1.8 trillion in Mcap of the company.
Dr Jaishankar helped us save $25 bn / ₹2,00,000 cr in Crude Oil Import Bill!
FY23: $157.5 bn
FY24: $132.4 bn🚨⬇️🍀
Discounts on a steady stream of Russian crude have led India’s crude oil import bill to shrink by 15.9% ⬇️even as import volumes remained the same.
Who really moves the market - FIIs or DIIs?
Data over last 12 years concludes:
🔹 While FIIs used to be key drivers, DIIs have taken charge of market direction post Covid
Reason: Retail Investors are pouring in ₹20,000 cr of SIP amount every month)
🔹In last 3 years, DIIs have ne...
*INDIA'S TOP TRADING PARTNERS IN FY24*
1. China🇨🇳 - $ 118.4 billion
2. USA🇺🇸 - $ 118.3 billion
3. UAE🇦🇪 - $ 83.6 billion
4. Russia🇷🇺 - $ 65.7 billion
5. Saudi Arabia🇸🇦 - $ 43.4 billion
6. Singapore🇸🇬 - $ 35.6 billion
Paytm is entering the ride-hailing sector by offering auto-rickshaw rides in cities like Delhi, Bengaluru and Chennai through the ONDC.
The ride-hailing feature on the Paytm app is still in testing mode and visible only to some users.
Equity mutual fund inflows fell 16.42% to Rs 18,917.08 crore during April on fresh slump in investments into large-cap funds.
Meanwhile, debt funds, which had witnessed net outflows of Rs 1,98 lakh crore during March saw net investment of Rs 1.90 lakh crore during the last month.
In 2023, India overtook Japan to become the world’s third-highest producer of solar power. India generated 113 billion units (BU) of solar power in 2023 compared to Japan’s 110 BU.
Dr.Reddy's Lab net profit rises by 36%.40rs per share dividend declared.
FIIs cut back on financials services, FMCG, IT shares in second half of April
