YES Bank shares jumped 32% in the week to witness a breakout with strong volumes, indicating a significant base formation on the technical chart. “The support for the stock is established at Rs 27, and any pullbacks towards this support level present an opportunity to initiate fresh long positions. Sustaining above the support at Rs … Read more
If you are an OTT TV series fan like us at Kotak Private Equity team, you would realize that Feb 1, 2024, budget is the finale episode of Modi government Season 2. We will know by May if the series gets renewed for next season with the same star cast or not but finale episode … Read more
“I think right from the very beginning, when the preparations for this budget started, honourable PM was very clear and the guidance which we had was very clearly to give a direction towards the next 5 years, 10 years and so on,” says Nirmala Sitharaman, Finance Minister.Navika Kumar: Being a woman and making it to … Read more
A day after the Budget 2024 announcement, shares of PSU Banks rallied up to 20% in Friday’s intraday trade on BSE as a sharp drop in bond yields is set to boost their treasury portfolio. Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at … Read more
After the presentation of Union Budget 2024 by Finance Minister Nirmala Sitharaman, it is now time for state budgets. The first to announce is Gujarat, which is presenting its budget for the fiscal year 2024-25 today. Gujarat Finance Minister Kanu Desai is presenting the budget for the next fiscal year today. He mentioned that the … Read more
V Anantha Nageswaran, Chief Economic Advisor, says “there is all-round development in terms of physical, digital and social infrastructure. We have great balance sheets in the corporate and the banking sector and the infrastructure is ready to support the productive potential of the economy. Plus there is investment in skilling and education of the population … Read more
New Delhi: India is negotiating bilateral investment treaties (BIT) to sustain the growth of foreign direct investment (FDI) into the country in the spirit of ‘first develop India’, finance minister Nirmala Sitharaman said in her Budget speech for 2024-25.“The FDI inflows during 2014-23 was $596 billion marking a golden era. That is twice the inflow … Read more
New Delhi: The government has prioritised the development of micro, small and medium enterprises (MSME) to allow them to grow and compete globally, finance minister Nirmala Sitharaman said Thursday. “It is an important policy priority for our government to ensure timely and adequate finances, relevant technologies and appropriate training for the Micro, Small and Medium … Read more
The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
The Budget Day always holds its relevance in forecasting the economic outlook of the Nation, which is simultaneously being reflected through the equity markets. A highly anticipated Day with future projections and a roadmap for the nation is in the purview. From the data point of view, the Indian equity markets have seen a whopping … Read more