Like every year, the Union Finance Minister has a tough task at hand to balance public expectations and deliver a budget that would put India back on a growth track, especially after the long disruption caused by the ongoing Covid-19 pandemic which has impacted the entire nation in more ways than one.
PIA CHAUHAN
Adani Wilmar IPO Subscription Status: Day 3 Live Updates
Adani Wilmar IPO Subscription: Retail and non-institutional investors continue to pile into the initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, on the third day.
The IPO was subscribed 1.13 times on the second day and 57% on day one.
Nifty 17600 possible if index holds above 16800 post Budget
Key thing to monitor in the next week is that Nifty holding above 16800 post the Union Budget 2022 amid oversold conditions would open the doors for a technical pullback towards 17600.
Bharti Airtel Jumps As Analysts Expect Benefits From The Partnership With Google
Shares of Bharti Airtel Ltd. rose 1.7% to Rs 728 apiece after analysts expected the company to benefit from the partnership with tech giant Google.
Sensex, Nifty Open Higher; I.T. Stocks Lead Advance
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets enter Monday’s trading session after a volatile week that saw Sensex slip 0.51% and the Nifty 50 end 0.3% lower. S&P BSE Sensex currently sits at 57,200 and the Nifty 50 is at 17,102. Ahead of the day’s trading session, SGX Nifty was up more than 100 points hinting at a positive start. Global cues were also suggesting positive momentum building up. Wall Street equity indices closed with large gains on Friday while Asian markets were up in the green.
Gold Market As The Farmers Would Produce Less Output
Gold Silver Reports ~ As the winter is unlikely to bring bright prospects for India’s rabi crops, it will dent the rural demand for gold also in this wedding season. Experts expect 10-15% dip in country’s gold purchaes this year as farmers are likely to reduce gold buying on account of poor kharif crops, the expected down in rabicrops and low commodity~prices.