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Abhay Agarwal says a lot of money has been made over the last six months, especially after the poll results came out on June 4. The market has seen a one-way rally. So, Agarwal is not surprised that people are booking profits and taking some money off the table. The general view is to wait for the Budget and take sectoral positions accordingly.

​See, the budget is not only about the taxation part, but for NDA 3.0 it is also a policy statement highlighting what their focus areas are going to be.

Vedanta Limited raised Rs 8,500 crore through a QIP, issuing 19.31 crore shares at Rs 440 each, closed on July 19 with a 4.61% discount. Major investors include Abu Dhabi, SBI, Nippon. Chairman Anil Agarwal emphasized highest-ever production, Rs 1,41,793 crore revenue, Rs 36,455 crore EBITDA. Funds will de-leverage, targeting Rs 10 billion EBITDA, supporting projects and shareholder value.

Star fund manager Nilesh Shah believes there is some froth in certain pockets of the markets, where low floating stocks and concentrated counters are trading at exorbitant valuations.

In an exclusive interview with ETMarkets, Kshitiz Mahajan, CEO of Complete Circle Wealth discusses potential market behavior post-budget, highlights key sectors to watch, and provides insights on effective money deployment strategies for Union Budget.

With just two days to go, all roads are leading to the Union Budget, which will be presented by finance minister Sitharaman on July 23. Analysts expect the government to strike a good balance between fiscal consolidation, growth and rural welfare schemes owing to the RBI’s higher-than-expected dividend transfer.

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.

Telecommunication infrastructure provider SAR Televenture raised nearly Rs 43 crore from anchor investors days before its follow-on public offer (FPO) opening for subscription.