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“There are pockets of froth, manipulated stocks, and managed stocks, and with the low liquidity, some stocks are kept very high. So, small first-time investors in the market should be extremely careful about this aspect. Do not go by tips in the market or just because of stock price movement, momentum investing, growth, those kind of things,” says Porinju Veliyath.

Regulatory authorities have granted permission to at least two out of eight firms, including BlackRock and VanEck, to introduce their Ethereum (ETH) Exchange Traded Funds (ETFs). The ETFs are set to be traded on three major exchanges — Cboe, Nasdaq, and NYSE. Ether (ETH) is the native cryptocurrency of the Ethereum network, which holds the second-largest market capitalization in the crypto world.

In her Budget speech, Sitharaman said the government, in partnership with states, will promote digital public infra for agriculture. Following this news, agriculture stocks start rallying. Kaveri Seeds trades 9% higher, Dhanuka is up about 6%. But, Coromandal Chemicals and Bio Fertilizers trades 0.34% lower from the previous close. Nova Agritech, on the other hand, rises nearly 4%.

Today, Finance Minister Nirmala Sitharaman unveiled Budget 2024. ETMarkets analyzed and presented the performance of the benchmark index Sensex one day, one week, and one month after each of the last 10 Union Budgets.​

On the technical charts, the RSI of the stock stood at 66.46.

In her 7th Union Budget on Tuesday, Finance Minister Nirmala Sitharaman announced shrimp farming support via NABARD. Apex Frozen Foods surged 8.2% to Rs 271.95 on NSE; Avanti Feeds, Waterbase also rose. Apex exports Vannamei shrimp to developed markets. Waterbase uses advanced technologies; Avanti focuses on seafood products. All shares rose on the announcement.

VL Infraprojects IPO offers fresh equity issue to raise Rs 18.52 crore. Company engaged in water supply and sewerage projects. IPO open for subscription until July 25. Key dates and details available for interested investors.

Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.

Ravi Dharamshi expects the Budget to stress revenue expenditure, capex, rural distress, PM Awas Yojana, energy transition, and private sector capex. With state elections approaching, supply chain shifts, potential new PLI scheme sectors, and measures to boost the middle class, he predicts government actions will stimulate the real estate cycle and increase market volatility.

YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 79592.58 Crore).