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More than 200 smallcap stocks saw a double-digit fall in February, and experts believe that the selling pressure will prevail for some more time.
Markets across the world are soaring, thanks to growth firming up and inflation dissipating. But much depends on how China does in the Year of the Dragon
In this edition of Moneycontrol Pro Panorama: Cocoa price graph turns vertical, February flash PMI shows India in a good position, current earnings trends hint at sustainablity, wait for a robust gig economy before taxing it, and more
Analysts, however, say upsides in these shares could be limited because of rising credit costs and rich valuations. Shares of UCO Bank soared 15.23% to an all-time high of ₹60.65.
Christy Mathai says: The government is expected to set the fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25. The focus will be on moderating capex aggression and addressing tax inconsistencies. Bond investors are not likely to see any favorable moves in this budget. The government will continue its initiatives for import substitution and export opportunities. Sectors linked to government capex and rural recovery will be watched closely. Prudent asset allocation and systematic investing are recommended for equity markets.