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Sensex up by more than 700 points a day after Interim Budget

Struction-related segments like cement, steel, paints etc. Another important budget takeaway is the sharp decline in bond yields consequent to the net market borrowing kept low at Rs 11.75 trillion. This is beneficial for banks,” he said.

He said that the global cues are better since the mother market US is appreciating the favourable trends in the US economy after the brief disappointment with the cautious Fed message.

“It is evident that the US is heading for a soft landing and rate cuts are coming,” he said.

He said that the correction in the dollar index to 103 and the US 10-year falling to 3.88 per cent may restrain the FIIs from selling.

He said that the near-term risk in the market is the high valuation which can trigger corrections on some negative news.

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