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Nifty on Tuesday ended 385 points higher to form a long bull candle on the daily chart, indicating chances of an upside breakout of the hurdle at 21750 in the short term.

Pranjul Bhandari of HSBC predicts that in FY25, both central and state government capex will grow at a slower clip. However, this slowdown may not be negative for growth as the central bank is expected to implement looser monetary conditions. Bhandari suggests that the central bank will ease liquidity, which can effectively act as a rate cut of about 40 to 50 basis points. While the rural economy has faced challenges, the construction sector has provided an alternate source of income for rural Indians

Consolidated revenue from operations rose a marginal 0.6% year-on-year (YoY) to Rs 10,673 crore, but it declined 0.4% sequentially.

The 52-week high serves as a crucial technical indicator for both traders and investors, signifying the highest price a stock has attained in the preceding year.

CMD says reports of fuel price cuts speculative

Sectorally, buying was seen in energy, oil & gas, utilities, and the public sector while IT and FMCG stocks saw some selling pressure.

According to a study by ETMarkets, FIIs have consistently increased their holdings in 86 smallcap stocks listed on the BSE through the last four quarters

Rajesh Gandhi emphasizes the need to simplify the tax regime, reduce rates and holding periods, and allow offset between long term and short term gains. He suggests extending the tax holiday for certain industries to 30 or 40 years. Gandhi also highlights the importance of incentivizing skilled workforce movement to GIFT City through personal tax funds. He calls for a separate regulatory and tax regime for the PE sector. Additionally, he proposes extending tax-free investments in infrastructure for sovereigns, pension funds, and PE investment