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[ad_1] Budget 2023, Stock Market, Sensex The Finance Minister of India will present the Union Budget for FY23-24 on 1st Feb 2023, the last full-year Budget before the Union Election 2024 The Finance Minister of India will present the Union Budget for FY23-24 on 1st Feb 2023, the last full-year Budget before the Union Election 2024. With the government undertaking most of the reforms outside the Union Budget purview, its impact on the equity market has reduced over the past few years. Nonetheless, the market participants continue to view it as a critical catalyst that stimulates the growth of the Indian economy and, thereby, the Indian market. What Do Historical Trends Say? In the last 8 budget sessions of the current government, Nifty closed positively on 5 occasions on the budget day while closing on a negative note for the remaining 3. This time, the Union budget has gained utmost importance as the tightening monetary policy and elevated inflation have challenged the purchasi...

[ad_1] Stock market update. (Representative image) The domestic equity markets fell due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve's interest rate decision Benchmark indices BSE Sensex and NSE Nifty on Wednesday fell about 796 points or over 1 per cent to 66,800.84, due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. The rupee, however, rebounded 23 paise to close at 83.09 (provisional) against the US dollar. Falling for the second day running, the 30-share BSE Sensex tumbled 796 points or 1.18 per cent to settle at 66,800.84. During the day, it tanked 868.7 points or 1.28 per cent to 66,728.14. The NSE Nifty declined 231.90 points or 1.15 per cent to end below the 20,000 mark at 19,901.40. US bond yields surging to 16-year high levels and fears of high crude oil prices fueling commodity inflation also hit the investor sentime...

[ad_1] The Indian stock market is closed today, August 15, on account of Independence Day. There will be no trading activities in India’s stock market today. There will be no action in equity segment, equity derivative segment, SLB segment on Tuesday, according to stock market holidays 2023 list. The Multi Commodity Exchange (MCX) will also remain closed for trading on Tuesday. In the year 2023, after the Independence Day, there are six more stock market holidays left. These are Ganesh Chaturthi (September 19), Mahatma Gandhi Jayanti (October 2), Diwali Balipratipada (November 14), Gurunanak Jayanti (November 27), and Christmas (December 25). In his Independence Day message, Ashishkumar Chauhan, MD and CEO of NSE, said, “On the occasion of our Independence Day, let us remember the sacrifice and contribution of our nation’s freedom fighters who envisioned a sovereign and prosperous India. As one of the leading global economies, we stand on the cusp of transformation, growth and dev...