Stock market today: Sensex closed 63 points, or 0.09 per cent, higher at 71,721.18 while the Nifty 50 closed the day at 21,647.20, up 29 points, or 0.13 per cent.
Praveg caught shareholder attention as it had last month received a work order for the development of operation, maintenance, and management of at least 50 tents at Lakshadweep s Agatti Island. The resorts at Lakshadweep will also offer commercial activities like scuba diving, destination weddings, corporate functions, etc.
Going ahead, experts believe that the rally in midcaps and smallcaps in 2024 is not likely to be as strong as the one in 2023 due to high valuations. Furthermore, the analysts have started to prefer largecaps over midcaps and smallcaps in 2024 after last year s surge.
Anuj Bajpai, Founder & CEO, Liquide, believes that with general elections around the corner, the interim Budget may feature measures with mass appeal, such as tax reductions or subsidies. However, any major announcements in the interim Budget seem unlikely, he added.