This February, several financial changes are set to take effect, including the announcement of the Union Budget 2025, new rules for UPI transaction IDs, and a monetary policy review by the newly appointed RBI Governor, Sanjay Malhotra. On February 1, Finance Minister Nirmala Sitharaman will present a record eighth consecutive budget for the financial year 2025-26. It will likely include measures to boost economic growth and relieve the middle class facing high prices and stagnant wages.
The Sensex ended flat while the Nifty closed in the red, weighed down by IT, FMCG, and metal stocks on October 21. Apart from Nifty Auto, all other sectoral indices were in negative territory. Here’s a look at the top gainers and losers in trade today.
Bulls are back in action as the Nifty has reclaimed the 18,000 mark after 44 sessions! SGX Nifty is hinting at an open above 18,200 this morning. Cues from Wall Street are largely flat as investors digest JPMorgan’s buyout of First Republic Bank’s assets. Does this deal signal an end to the banking crisis in US? We discuss with Independent Emerging Markets Commentator Geoff Dennis. Kotak Mahindra Bank reported a good set of numbers in Q4, what is the street verdict? Meanwhile ONGC, Oil India and RIL in focus as govt slashes windfall tax on crude production to Rs 4100 per tonne from Rs 6,400 per tonne. Also in focus is Adani Green as it reports a four-fold jump in Q4 profit. We discuss the market setup and all these stocks with Sacchitanand Uttekar of Tradebulls Securities. Watch!
The founder and executive vice chairman of Kotak Mahindra Bank said technological innovation does offer huge business opportunities for India's banking sector. But it could also change the face of the industry.