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21,500 will remain an important support level for Nifty and a significant decline below this level could potentially initiate a correction in the market, Rupak De, Senior Technical Analyst at LKP Securities said.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Sanjiv Bhasinrecommends investing in PB Fintech, as it has shown strong performance and has the potential for significant growth. He also highlights Tata Motors as a valuable auto company and suggests considering Tata Comm as another promising stock. Bhasin believes there is still opportunity in the real estate market and plans to reveal a top pick in the sector. He discusses the earnings of Voltas and SRF, noting that both have strengths despite some weaknesses.

The Budget 2024 is anticipated for its potential impact on salaried employees. Expectations include reforms to boost market confidence, such as increasing foreign direct investment (FDI) and simplifying the process for Initial Public Offerings (IPOs).

The Indian rupee was largely steady on Wednesday even as most Asian currencies trended lower after investors solidified bets that the U.S. Federal Reserve is unlikely to cut policy rates at its March meeting.

The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say.

Currently, various measures have been taken by the GOI, like the introduction of FAME subsidy, state policies, the setting up of EV charging ecosystems, and the rolling out of PLI schemes. For the Union Budget 2024, the industry expects long-term measures that promote EV adoption, such as reduced GST rates, extensions of FAME-II subsidies, and increased infrastructure spending for changing infrastructure.

Finance Minister Nirmala Sitharaman is set to unveil the Interim Budget for the fiscal year 2024-2025. The budget will focus on fiscal consolidation and controlled growth in capital expenditure. The funds allocated in this interim budget will sustain the country until the new government assumes office post-elections. Major policy announcements are generally avoided in interim budgets to prevent financial burdens on the succeeding government.

"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c.2% decline in 3Q), tax uncertainty until the final Budget and overhang from potential BAT stake sale," Maheshwari said.