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.
De-dollarisation: President Trump threatens BRICS with 100 pc tariffs
Expressing his stance against de-dollarisation vehemently on Friday, Donald Trump warned BRICS nations and threatened them with 100 per cent tariffs on their exports if they try to replace the US dollar as the main currency in global trade.
Stock market opens higher ahead of Eco Survey, Union Budget
As the nation gears up for the Economic Survey and the Union Budget 2025-26, the domestic benchmark indices on Friday opened higher. Optimism was seen in the air as investors looked for potential catalysts in the upcoming Budget.
'Deeply saddened, we stand in solidarity with US', PM Modi expresses grief on Washington DC plane collision
Prime Minister Narendra Modi on Friday expressed grief over the loss of lives in the Washington DC midair plane-helicopter collision and said that India stands in solidarity with the people of the US.
3 member judicial panel to reach Maha Kumbh today to probe reason behind stampede
Members of the Judicial Enquiry Commission that has been set up to go into the reasons behind the tragic stampede at the ongoing Maha Kumbh that resulted in 30 deaths and injuries to 60 people on Wednesday, will reach Uttar Pradesh’s Prayagraj at around 1 pm on Friday.
President Murmu to address joint session of Parliament today
The President will address the joint sitting at 11 a.m. After her address, Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2024-25 in the Lok Sabha and the Rajya Sabha separately.
UP govt brings fresh measures after stampede deaths in Mahakumbh Mela
A day after at least 30 people were killed in a predawn stampede at the Maha Kumbh, the Uttar Pradesh government has enforced stricter measures for better crowd management and safety of devotees as it restricted vehicular movement, cancelled VIP passes, increased security deployment, and ended needless restrictions on the pontoon bridges that connect the mela city.
Waqf Amendment Act among 16 Bills to be tabled in Budget Session from today
Sixteen Bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, will be tabled in Parliament's Budget session, which begins on Friday with the Economic Survey 2024/25.
Economic Survey to be presented by Finance Minister Sitharaman in Parliament today
The Economic Survey, a pre-budget document detailing the state of the economy over the last fiscal year, will be presented in Parliament at 12 p.m. on Friday by Finance Minister Nirmala Sitharaman.