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The disinvestment target of 65,000 crore set for FY23 is very realistic and achievable, finance minister Nirmala Sitharaman said in a post-budget interaction with the media. She has reiterated that the public offer of Life Insurance Corporation of India, in all probability, will happen in the current financial year. She said budget assumptions may look conservative but are realistic.

"India moves closer to legalizing cryptocurrency. The honourable FM in her budget speech has proposed taxation rules on virtual digital assets. This is clearly an endorsement that India has accepted crypto and it is here to stay," said WazirX Trade Desk.

Indian bonds are set for a torrid year, with supply rising to record levels while demand wanes. Citigroup Inc. offered a glimpse of the conditions facing the nation’s debt when it withdrew a buy call within a day of recommending purchases. Yields surged the most in almost two years Tuesday after Finance Minister Nirmala Sitharaman unveiled a bigger-than-anticipated borrowing plan without signaling who could buy the paper.

“The shift to more cyclical and economy oriented sectors is underway, but one also needs to have a healthy mix of exporters in the portfolio.”

“All the conditions are right and we just need the government to keep the policies stable and continue to spend on infrastructure. The government has done its bit and it is for us in the private sector now to do our bit. ”

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold is range-bound as support from a correction in the US dollar index, geopolitical tensions, mixed economic data and ETF inflows are countered by gains in the equity market and persisting worries about Fed’s monetary tightening.

Jefferies said no news on tobacco tax is good for ITC. It likes capital goods plays, cement and pipe stocks. Citi sees industrial and infra stocks to be key beneficiaries. Morgan Stanley said it is overweight on industrials, discretionary consumption and financials.

Sagar Cements Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 3041.49 Crore) operating in Cement sector.

Tech Mahindra on Tuesday said its consolidated profit after tax (PAT) rose 4.5 per cent year-on-year (YoY) to Rs 1,368.50 crore compared with Rs 1,309.80 crore in the same quarter last year. Sequentially, the profit was up 2.2 per cent, the IT firm said in a BSE filing.

Industry volumes were dragged down by market leaders Maruti Suzuki and Hyundai Motor India where sales fell 7% (to 128,924 units) and 15% (to 44,022units), respectively. “The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact”, Maruti Suzuki said in a statement.