Optimistic expectations from the upcoming Budget have boosted the sensex by 741 points to 77,501 points, adding about 2,100 points in the last four sessions. Investor sentiment was also lifted by the economic survey, which projected growth of 6.3-6.8% for FY26 and positive comments on increased government capex.
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Walgreens Boots Alliance has been acquired by Sycamore Partners for nearly $10 billion, aiming to revitalize the company after enduring financial challenges. The acquisition will transition Walgreens to a private entity, enabling it to undergo restructuring and improve cash flow amid competitive pressures and market shifts.
Budget 2025 expectations: Finance Minister Nirmala Sitharaman may propose a phased implementation of labour codes in Budget 2025, starting with large establishments. The plan involves a three-phase deployment.
India's economy is set to slow to a four-year low of 6.4% in 2024-25, due to a decline in manufacturing and weak investment. The farm sector's strong growth and increased rural consumption offer some relief, while a rate cut by the RBI is anticipated to spur demand.
RBI has raised concerns over high ceilings for unsecured loans set by banks and finance companies. It urges boards to exercise prudence to maintain financial stability. Additionally, RBI warns about the risks associated with top-up and private credit loans, emphasizing the need for careful monitoring.
Solar capacity additions in the country will accelerate in the Financial Year (FY) 2026 and FY27, with 85-90 GW of new solar capacity expected to be added during these two years combined, according to a report by SBI Caps.
Gold and silver prices hit new record highs in India due to global market trends and economic concerns. Gold of 99.9% purity reached Rs 90,750 per 10 grams, while silver surged to Rs 1,02,500 per kg. The increase is driven by safe-haven demand, trade tensions, and expectations of US Federal Reserve monetary easing.
BSE market capitalisation fell below Rs 400 lakh crore due to foreign fund outflows and disappointing corporate earnings. Major losers included IndusInd Bank and ITC, while NTPC and Tech Mahindra gained. The small-cap index dropped 1.71 per cent. Sector-wise, utilities and IT gained, whereas industrials and auto sectors suffered losses. Mixed performances were seen across the market.
Stock markets worldwide saw declines on Monday due to fears of President Trump's tariffs set to take effect on Wednesday. The S&P 500 dropped by 0.6%, while the Nasdaq composite fell by 1.6%. Concerns about inflation and global economic slowdown led to significant sell-offs in major indices globally, reflecting growing economic uncertainty.
India's goods exports declined for the third consecutive month in January due to lower oil prices, while imports saw the fastest growth since April, leading to a trade deficit. Non-oil exports showed a significant increase, and services exports also outpaced goods, indicating India's strong export performance despite global conflicts and tariff actions.
Competition Commission of India (CCI) has approved UltraTech Cement's acquisition of a majority stake in India Cements. UltraTech will acquire a 32.72% stake from promoters and up to 26% through an open offer, strengthening its presence in the southern cement market. This deal, valued at over ₹7,000 crore, boosts UltraTech's market leadership.