Latest Stock Market News

“We will wait and see what the priorities of the government are this year during the Budget. Fiscal deficit containment is what the government appears to be leaning towards. How strongly would depend on whether that impinges on the overall spending or not is what we will be looking for.”

The Nifty Pharma index closed 0.99 per cent down at 12360.25.

FMCG firm Britannia is among a number of domestic companies that will announce December quarter results on Wednesday.>> For more such web stories click on the ET icon below

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. >> For more such web stories click on the ET icon below

Data from stock exchanges shows that out of the 4,55,06,791 fresh shares on offer under the FPO, bids were received for only about 20% or 93,16,212 shares so far.

So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, let’s keep the first alphabet A aside, and check out the next in the orders.

Along with the FY24 Budget, the government will announce revised Budget estimates for FY23, which will include capital expenditure, planned expenditure, unplanned expenditure, fiscal deficit, GDP estimate, market borrowing, among others.

Defence sector, as every year before the Budget has a wishlist, out of which the important one is the outlay for emphasis on indigenisation, which means an emphasis on local production. This year we expect them to announce a significant budget for the space and research, electronic equipment and advancement on further localization," Ashwin Patil, Senior Research Analyst at LKP Securities, said.

Companies announce stock split to increase the liquidity of the stock in the market. Investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

A rout in shares of Adani conglomerate has cost India its spot among the world’s 5 biggest equity markets. >> For more such web stories click on the ET icon below