Page 22 - Prashanth Tapse News Today

Budget is a non-event for equity markets, say experts, as indices traded flat with negative bias.PSU Bank stocks rallied as bond markets cheered FM’s fiscal

(This story has not been edited by THE WEEK and is auto-generated from a PTI

In its December 2023 policy, the US Fed had signalled that it may start cutting interest rates as early as March this year. However, on January 16, Federal Reserve System’s Governor Christopher J Waller said that interest rate cuts need to be calibrated and not rushed, which dampened the hopes of early rate cuts by the US central bank.

BSE Sensex surged 612.21 points, or 0.86 per cent, to settle at 71,752.11, while NSE's Nifty50 index advanced 203.60 points, or 0.95 per cent, to end the session at 21,725.70.

Selling intensified towards the fag end as investors further slashed their positions in key stocks ahead of the Budget while weakness in several Asian indices also contributed to the overall fall

Nova Agritech IPO: The shares opened at Rs 55 on the NSE and Rs 56 on the BSE against an issue price of Rs 41

Foreign Institutional Investors (FIIs) bought equities worth Rs 110.01 crore on Monday, according to exchange data.

Epack Durable IPO: Despite a weak debut, analysts at Mehta Equities and Stoxbox recommend holding for a medium to long term while Indsec Securities suggests exiting the stock

Get latest articles and stories on India at LatestLY. Benchmark equity indices declined after beginning the trade on a positive note on Tuesday as investors preferred to stay on the sidelines ahead of key events due later this week such as the interim budget and the US Fed interest rate decision. India News | Markets Fall in Early Trade Dragged by Bajaj Finance and Reliance.

Apart from a rally in the Asian markets, the return of Nitish Kumar to the NDA supported the markets as the threat of a united Opposition to the Modi-led government’s return to power seemed to recede