Sidestepping all the worries around hike in capital gains tax, Street favourite BJP not getting the majority mark in the Lok Sabha elections and controversies surrounding Sebi chief Madhabi Puri Buch, Sensex has rallied nearly 6,300 points or 8.2% in the first 100 days of Modi 3.0 government. The road to the century-mark, which coincides … Read more
Cement prices were under pressure since the beginning of CY24 due to intense competition followed by demand slowdown. Industry players attempted price hikes in Apr-May’24; however, a major part of those hikes was reversed in a couple of days. Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while … Read more
Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister Modi’s government will focus on addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue … Read more
“I don’t see any likelihood of the government getting over-populist at the cost of compromising its fiscal discipline,” says Amar Ambani, Executive Director, YES Securities. In an interview with ETMarkets, Ambani said: “I would look to buoyant sectors like realty, banking, select consumer discretionaries, telecom, and aviation for better opportunities,” Edited excerpts: Unlock Leadership Excellence … Read more
By kicking off his third term with Kisan Nidhi scheme and Pradhan Mantri Awas Yojana (PMAY), Prime Minister Narendra Modi has left stock market investors debating over whether the much sought-after winners of Modi 2.0 will continue to dominate Dalal Street. All Union Ministries have been asked to finalise their 100-day plans. The first 100 … Read more
With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
