BSE Sensex has now zoomed more than 1200 points on Friday as markets absorb the Interim Budget 2024-25.
BSE Sensex is at 72,916.43 points, up 1271.13 points or 1.77 per cent.
Powergrid is top gainer up by 5 per cent followed by Infosys up by 3 per cent, NTPC is up 3 per cent, Tech Mahindra is up 3 per cent.
The Nifty crossed the 22k mark. Nifty top gainers are BPCL up 6 per cent, Adani Ports, up by more than 5 per cent.
Motilal Oswal Financial Services said in a report that the Interim Union Budget 2024 was presented on 1st Feb'24. Although the Finance Minister had already informed that no "spectacular announcements" are forthcoming, the market participants had some expectations.
However, notwithstanding the general elections, the ability of the GoI to resist any populist schemes or incentives is extremely commendable. Not only this, the fact that the GoI has budgeted a fiscal deficit of 5.1 per cent of GDP for FY25 (and lower than budgeted in FY24RE), it is extremely serious about its (tall) task of achieving 4.5 per cent of GDP by FY26.
This clearly shows that the GoI is totally committed towards the long-term macro-economic stability, even if it comes at the sacrifice of growth in the short-term, the report said.
Manipur Police arrest 11 militants, recover large cache of arms, ammunition
The Manipur Police arrested 11 militants belonging to various banned outfits and recovered a large cache of arms and ammunition during the past 24 hours, officials said here on Friday.
PM Modi unveils 21-point action plan at 6th BIMSTEC Summit
Prime Minister Narendra Modi on Friday presented a comprehensive 21-point action plan during the sixth BIMSTEC Summit in Bangkok, laying out an ambitious road map for cooperation across diverse sectors.
ED raids multiple premises of 'Empuraan' producer Gokulam Gopalan
Amid the controversy surrounding Malayalam film ‘Empuraan’ starring superstar Mohanlal, the Enforcement Directorate (ED) on Friday conducted raids at multiple premises linked to film’s producer Gokulam Gopalan.
SC declines PIL seeking restriction of social media platforms for kids below 13 years
The Supreme Court on Friday refused to entertain a public interest litigation (PIL) seeking urgent judicial intervention to regulate access to social media platforms for children below 13 years of age.
BIMSTEC Summit: PM Modi, Yunus meet amid strained ties
Prime Minister Narendra Modi on Friday held a bilateral meeting with Muhammad Yunus, Chief Advisor of Bangladeshi interim government, on the sidelines of the 6th BIMSTEC Summit in Bangkok.
Rupee strengthens against dollar amid Trump's reciprocal tariffs
The Indian rupee witnessed sharp gains on Friday at below 85 against dollar, as the dollar index and oil prices dropped sharply amid concerns over recession in the US economy after the reciprocal tariffs were announced.
Quad to send $20 million relief support to earthquake-ravaged Myanmar
Quad members Australia, India, Japan, and the United States on Friday collectively committed over $20 million in humanitarian assistance to support the relief efforts for the earthquake-devastated Myanmar.
'Waqf Bill will benefit Muslims, no threat to religious sites,' says Shahabuddin Razvi
Maulana Shahabuddin Razvi, the National President of All India Muslim Jamaat, expressed his support for the Waqf (Amendment) Bill, stating that it would significantly benefit Muslims and ensure the betterment of their socio-economic conditions.