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DP Singh says the government has shown great fiscal discipline in this budget, with efficient parameters in terms of inflation, borrowing, and tax compliance. There are pleasant surprises in store for taxpayers, as the government aims to create an ecosystem for employment generation and growth in the private sector. The income tax revenue will be a major chunk for the government, but they are also focused on reducing subsidy budgets.

Less than a month after the debut of spot Bitcoin exchange-traded funds, the asset managers offering the investment vehicles appear to be seeking ways to bolster their own profitability.

Feroze Azeez, Deputy CEO of Anand Rathi Wealth, believes that the upcoming budget will focus on Pragati (progress) and will allocate significant funds to home affairs, rural development, agriculture, and defense exports. He suggests investing in an SBI infrastructure fund for those interested in the infrastructure sector. Azeez praises the simplicity and under-commitment of the interim budget, which includes tax simplification and capital gain simplification.

Yet for the Wall Street drama this week, the bull market powered on thanks to soothing economic data and strong reports from Meta Platforms and Amazon.com. The twist: The easy buy-and-hold trade on the Magnificent Seven is now on shakier ground.

Northern Arc Capital Limited files Draft Red Herring prospectus with SEBI for IPO to raise funds through issue of equity shares worth Rs 500 crore; offer for sale includes LeapFrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Augusta Investments II, Eight Roads Investments Mauritius II, Dvara Trust, 360 ONE Special Opportunities Fund, and Sumitomo Mitsui Banking; net proceeds to be used for onward lending to under-served households and businesses in India.

The Nifty50 remained volatile during the budget week, closing at 21854 with a weekly gain of 501 points. The weekly chart shows a bullish candle with an upper shadow, indicating profit booking near the all-time high. If the Nifty crosses 22000, it may reach 22150-22300 levels, while breaking below 21700 may lead to a decline towards 21650-21500. The RSI indicator suggests a potential positive trend change. Here are 4 trading ideas for 10-20% returns in the next 3-4 weeks: Can Fin Homes, Engineers India Ltd, Hindustan Copper Ltd, and Oriental Hotels.

Treasury yields jumped, the dollar surged and world equities rallied on Friday after a blowout U.S. jobs report scuttled any lingering expectations of a near-term cut in interest rates and highlighted a strong economy.

Nifty ended with weekly gains of 2.3% led by IT stocks. PSU Banks outperformed other sectors. Markets will reopen after a holiday week and react to major domestic and global events. RBI will announce monetary policy decisions. US markets closed with strong gains, influencing Indian markets. Several companies will announce Q3FY2024 earnings. Rupee remained flat against the dollar. Corporate actions include ex-dates and record dates for interim dividends. Technical factors and FII/DII action will also impact the market.