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The government has yet again been fiscally disciplined and maintained the fiscal deficit target of 6.4% in the revised estimate for FY 2022-23 and decreased it to 5.9% for the following fiscal year

The margin parameters applicable for collection of margin obligation by Clearing Corporations would continue to be updated on intra-day and EOD basis, as per the extant provisions.

"The government has only been an enabler and if you look at all the digital stack which is being talked about all over the world, that is actually one of the biggest enablers in terms of the investors being able to participate so seamlessly. If you look at all the announcements that have happened about the digital transaction and about the fintechs, the way they can actually participate, there is going to be a single source of all the information from where the digital enablement will happen."

The company clocked a 32% increase in the revenue from operations at Rs 4,148 crore during the October-December 2022 period, which stood at Rs 3,141 crore in the year-ago period. The total expenses of the firm spiked 24.14% YoY to Rs 3,560 crore in Q3

Recent economic reports suggest price pressures are easing and growth is cooling – all signs that the US economy is responding to the Fed’s aggressive rate increases as policymakers work to tame inflation. But a still-tight labor market could add more pressure on the Fed to extend its tightening campaign or hold rates at restrictive levels for longer.

With a year to go for national polls, it’s crucial for Modi to tackle the issues of high unemployment and inflation as he seeks to win a third consecutive term. Finance minister Nirmala Sitharaman focused on farmers, so-called backward castes and women to deal with the inequities exacerbated by the pandemic.

The brokerage expects AUM growth of 16.4% (from 14.7% in FY22) to Rs 7.2 lakh crore. With more than 4.5% QoQ growth in individual AUM, it expects HDFC to register >20% YoY growth while non-individual loans will also see positive low-single digit growth YoY.

Defence stocks ended the day down between 4-9% even as the defence budget was increased to Rs 5.94 lakh crore for 2023-24. >> For more such web stories click on the ET icon below

The PCR ratio for the near week expiry stands at 0.54 and for the next week expiry at 0.68. The overall writing data suggests negative bias as Call writing is higher than Put writing. The immediate or temporary bounce back cannot be ruled out as PCR ratio drops near to 0.50 levels, said analysts

The stock quoted a 52-week high of Rs 2916.85 and a 52-week low of Rs 1988.6.