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To offset weak demand outside of metros and towns, companies are increasingly offering higher-quality but more expensive products
There seems to be a chance that the interest rate cuts by both the RBI and the Fed might be delayed further, says Sonam Srivastava.
Investors may choose a wait-and-watch strategy. Banking, finance and consumer durables are likely to profit from stable interest rates, while technology, healthcare, and utilities will be less affected, analysts said
Budget 2024: The interim budget focused mainly on fiscal consolidation with an increasing focus on sectors including infrastructure, railways, defence, green energy, tourism, agriculture, and EV.
Ahead of the budget, BSE Sensex jumped 399 points to its day's high of 72,151.02 while Nifty advanced 107 points to 21,832.95. However, both benchmark indices shed over half a percent each from their intra-day highs after the announcement.