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Even though no major announcements are expected in the Interim Budget, the market is seeing corrections. However, if the last two votes on account in 2014 and 2019 are any indication, the market will bounce back within three months of the Interim Budget
Indian shares are set to open higher on Monday, with information technology stocks in focus after better-than-expected results from HCLTech and Wipro. India's GIFT Nifty was trading at...
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
On a yearly basis, the Street expects profit growth to be strong for industrials, autos and cement but weak for BFSI, FMCG, IT, chemicals, consumer services
Strong gains in global markets after the US Federal Reserve guided for a cut in interest rates in 2024, aided the domestic markets as well and drove indices to record highs.