Latest Stock Market News

On the technical charts, the RSI of the stock stood at 51.49.

​Derivatives of consumption especially in the rural areas or beyond the metros that is something that we were watching for, that is something we were positioned for also. We have switched much of our auto positioning as an example over the past four to six quarters from four-wheelers to more to CVs and to two-wheelers.

Ahead of the Union Budget, Indian equity indices rose with Sensex up 250 points and Nifty50 up 55 points. The government projects 6.5%-7% growth. UltraTech Cement, Suzlon Energy, and Adani Ports gained while HCL Tech fell. Gensol Engineering won a solar project bid. The budget aims to boost job creation and consumption. Sectors like Nifty Auto also rose.

Sitharaman’s Budget focuses on capex sectors, defense indigenisation, renewable energy, and rail modernization. Sensex saw 5.7% average post-Budget returns. Best and worst Budget performances in 2021 and 2020. Strategic debt, private sector gains, and picks like UltraTech and NTPC are expected. Samir Arora sees continuity; Viability Gap Funding, and Infrastructure loan push capex.

​They should be bold and give around one-and-a-half lakh crores of relief to individual taxpayers because the multiplier on this is very high. So, one-and-a-half lakhs crores of tax break can actually lead to ultimate incremental consumption boost of nearly three times of that, four-and-a-half lakh crores.

Gold and silver prices at MCX saw fluctuations, with gold at Rs 72,838 per 10g and silver at Rs 89,012 per kg. Factors included Chinese rate cuts, US political uncertainty, and upcoming US economic data.

INDIA-MARKETS/INDIA BONDS-India benchmark bond yield flat in run up to budget; focus on FY25 borrowing plan

Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 10987.05 Crore) operating in Services sector