HDFC SKY adds over 1 lakh customers in January 2024 tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Sensex, Nifty set to open higher tracking Asian peers - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Indian shares are likely to open higher on Friday, tracking the gains in Asian peers after U.S. labour market data indicated a cooling economy, providing support to the Federal Reserve to combat.
The impact of Interim Budget on equity markets will be neutral to mildly positive for the near term and other emerging triggers will drive its trajectory later, said Dhiraj Relli, MD & CEO, HDFC Securities.
Budget Announcements: The Indian government plans to borrow 14.13 trillion rupees ($170.36 billion) in the next fiscal year, lower than economists estimates, according to Finance Minister Nirmala Sitharaman. Net borrowings are expected to remain largely unchanged from the current fiscal year, at 11.75 trillion rupees. The funds will be used to finance a fiscal deficit of 5.1% of GDP, with the government also conducting switch auctions worth 1 trillion rupees. Additionally, 4.66 trillion rupees will be raised through India s small savings fund to cover the budget gap.