Page 38 - Axis Securities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Through solarisation, one crore households will be get 300 units free electricity every month, said Sitharaman in the Budget speech.

The Interim Budget 2024, to be presented by Finance Minister Nirmala Sitharaman, is expected to impact investors in rail, defence, and other capex-related stocks. The budget is likely to continue its focus on infrastructure development, including ports, airports, railways, and highways. Last year's budget allocated the highest percentage of expenses towards capex in two decades, indicating a long-term planning approach by the government.

The Nifty Private Bank index climbed 2.09 percent in the past week. However, on a year-to-date (YTD) basis, the index is down 5.07 percent. Some signs of short covering were seen on the day before the presentation of the budget.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the reporting period also fell 18 percent YoY to Rs 12,116.42 crore while margin declined to 28 percent from 33 percent.

Union Budget announcements wield significant influence over the stock market, shaping trends in various sectors based on government policies and financial plans. Here's how you should prepare your portfolio for the upcoming Interim Union Budget.