Interim Budget, Fed outcome among key factors that will guide Dalal Street on D-Day
==========
Finance Minister Nirmala Sitharaman will present the interim budget on Thursday, February 1, which will mark the final budget of Modi Government 2.0 ahead of the general elections. The US Federal Reserve decided to keep interest rates steady on Wednesday. The domestic market will closely follow the interim budget, especially any proposals related to LTCG, disinvestment plans, capex in infra sector and fiscal discipline. Two key economic indicators were released ahead of the Budget. January witnessed a noteworthy upswing in GST collections, reaching a second all-time high of over Rs 1.72-lakh crore. The fiscal deficit hit 55 per cent of the budget estimate for the April-December period. But the output growth of eight core industries plummeted in December 2023, reaching a 14-month low of 3.8 per cent. Weekly Nifty futures and options contracts will expire today, adding to the likely volatility in the market. Asian shares fell, following a late decline on Wall Street.
#InterimBudget #FedOutcome #DalalStreet
https://www.businesstoday.in/union-budget/share-market/story/interim-budget-fed-outcome-among-key-factors-that-will-guide-dalal-street-on-d-day-415673-2024-02-01
Business Today /
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2024-02-01 04:02:48
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npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-02-01 04:02:48Event JSON
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"content": "Interim Budget, Fed outcome among key factors that will guide Dalal Street on D-Day\n==========\n\nFinance Minister Nirmala Sitharaman will present the interim budget on Thursday, February 1, which will mark the final budget of Modi Government 2.0 ahead of the general elections. The US Federal Reserve decided to keep interest rates steady on Wednesday. The domestic market will closely follow the interim budget, especially any proposals related to LTCG, disinvestment plans, capex in infra sector and fiscal discipline. Two key economic indicators were released ahead of the Budget. January witnessed a noteworthy upswing in GST collections, reaching a second all-time high of over Rs 1.72-lakh crore. The fiscal deficit hit 55 per cent of the budget estimate for the April-December period. But the output growth of eight core industries plummeted in December 2023, reaching a 14-month low of 3.8 per cent. Weekly Nifty futures and options contracts will expire today, adding to the likely volatility in the market. Asian shares fell, following a late decline on Wall Street.\n\n#InterimBudget #FedOutcome #DalalStreet\n\nhttps://www.businesstoday.in/union-budget/share-market/story/interim-budget-fed-outcome-among-key-factors-that-will-guide-dalal-street-on-d-day-415673-2024-02-01",
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