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Renewable energy stocks were also in action since a slew of announcements by Finance Minister Nirmala Sithraman in her last budget of the Modi 2.0 government. Shares of Indian Renewable Energy Development Agency (IREDA), Waaree Renewable, Gensol Engineering, KPI Green Energy and Inox Wind were up 5% each.

Mercedes-Benz shares advanced 2.3% after the German automaker reported its preliminary annual free cash flow (FCF) of the industrial business above market expectations.

SBI Chairman Dinesh Kumar Khara discusses the impressive budget numbers and their impact on the growth potential of the economy. He highlights the importance of fiscal consolidation, private sector investment, and global investment in attracting capital and improving sovereign rating. Khara also mentions the positive impact of lower interest rates, government borrowing, and inclusion in the global bond index on the banking sector. He addresses concerns about the drop in savings and the movement of money into financial markets, emphasizing that it ultimately supports economic activity.

Investors relieved there are no negative surprises; a closer reading to set up the next session of play

Rahul Chadha says: "In broad consumption space, things are looking soft. In the last three-six months, we have seen all the tightness happening on the unsecured lending also. So, we will see some pressure. But within a long structural cycle, there will be mini cycles which will give good entry points for long-term investors. We want the dips and some bit of a softness so that valuations correct and you can deploy long-term money."

Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts pegged the gross market borrowing to be a little over Rs 15 lakh crore.

The Relative Strength Index of the stock stood at 69.09 on Friday.

Rashi Peripherals IPO is entirely a fresh equity issue of Rs 600 crore with no offer-for-sale component. About 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail investors.

Mahesh Nandurkar says: "If one assumes that the same set of people will be presenting the next one, it would be very difficult to deviate from the February budget. So, I never took this budget lightly, I always looked upon it as the budget, maybe some small tweaks can happen here and there, but I think the broad pathway that would be set out in this budget would be the one that would continue post elections as well, so that is the first point. "

Shree Cement price declined 3.76%, and open interest saw a rise of 7.67%. Eicher Motors saw stock pricing dipping up by 2.54%, and the open interest saw an increase of 4.61%.