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Market highlights: Sensex sheds 200 pts, Nifty near 22,050 at close; IT, realty down Even though analysts have been warning about uncertainty on interest rate trajectory due to inflation being higher than central banks' targets, the market is already considering the possibility of rate cuts this year. Some analysts suggest that if rate cuts happen, they might not be significant but rather modest. The domestic market spent most of the day in negative territory on Tuesday, but it experienced a brief upswing during the session, propelling the benchmarks to achieve new record highs.

Union budget consists of more than a dozen documents. The budget is structured in a way which helps the finance minister present it with clarity and in a detailed manner while also following what the law lays down. Certain documents which are part of the budget are mandatory under the law, such as the Annual Financial Statement, Finance Bill and Fiscal Policy Statements. Many other documents are necessitated for quick and easy understanding of the budget. Read our full Budget 2024 coverage here The budget begins with the finance minister's speech which summarises the state of the economy, the projections for the next year, the government's policy focus, and allocations for different departments and ministries. Below are details about other parts of the budget. Annual Financial Statement The Annual Financial Statement is mandated by Article 112 of the Constitution of India. It shows the estimated receipts and expenditure of the government for the next financial year along with actual numbers for the current financial year.

GrowthSchool aims to onboard 2.5 million learners in 2024, the company said in a press release on Tuesday. It also aims to achieve a $1 million monthly run rate by the end of fiscal 2024. The two-year-old platform reported 400% year-on-year growth in revenue since its inception, with peak monthly revenue of Rs 5 crore, it said. The edtech platform, which also expanded globally in 2023, has so far upskilled more than 1 million learners, the press release said.

The last BOJ meeting of 2023 took place before the holidays in December, and as expected, it brought no changes to the dovish BOJ monetary policy that has been in place for many years.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

Despite increasing expectations that interest rates have peaked, many Canadian businesses experienced weaker growth in the fourth quarter and blamed factors including their customers’ financial situations and the impacts of higher rates and inflation, according to the Bank of Canada’s latest business outlook survey.

Union Budget 2024: Finance Minister Nirmala Sitharaman is going to present an interim budget on February 1. This budget is not expected to include any major announcements — that will be left to the full budget which will be presented by the new government elected after the Lok Sabha elections in May. However, the interim budget will include what is at the heart of a budget — projections for the coming financial year, that is the calculations about income, spending and borrowings. Read our full Budget 2024 coverage How does the budget math work? What are the key calculations that go into the making of a budget? The process of budget-making is a forward-looking exercise, since it is for the coming year, and is based on several assumptions. The budget in effect is a matter of several projected numbers.

Vishal Malkan of Malkansview.com, says the benchmark indices are moving slow but steadily with Nifty making new highs almost every week. Along with this, broader markets are also participating, especially the blue chip companies. I think this rally will still continue or at least sustain. There might be like 200-300 point correction which is hardly a percent or two but will provide buy on dips opportunities. As of now, at least the benchmark indices are quite subdued and nothing exciting there but broader markets is where the fun is happening. What is your thought in terms of the benchmark indices? Do you think that now is a time to be a bit cautious on the markets? Vishal Malkan: I would say that benchmark indices are moving slow but steady.

Amit Agarwal, Group CFO, Raymond, says “the growth potential of Thane is Rs 25,000 crore over several years and Rs 5000 crore we have already signed. So, we are in a decent spot in order to take this business really-really forward. The demerger is on so hopefully by mid-May, we should be able to announce that de-merger. The SEBI approval is in place, now the NCLT and the other process is on. So, to that extent, you will have separate companies for real estate as well as for the lifestyle. Our target is that Thane should be in the range of 50 to 60% of the revenue mix over the next three, four years, and 40% to 45% should come out of Thane.” How was Diwali and Christmas? Any reasons for your shareholders to get worried? Amit Agarwal: No. I think Diwali was great. People had a really good time. There has been a sort of hiatus of almost seven-eight months when people were not into so much of shopping in the first half and going up to August-September because of that extra month of Malmas (inauspicious period) and as soon as that Malmas got over, people started to come back and saw a great shopping trend there.

YES Bank share price jumped over 6 per cent to hit its fresh 52-week high of ₹26.25 in intraday trade on NSE on Tuesday, January 16. YES Bank share price opened at ₹24.95 against the previous close of ₹24.75 and jumped 6.1 per cent to the level of ₹26.25. Around 12:35 pm, YES Bank shares were 4.44 per cent up at ₹25.85 on the NSE.

Investing.com-- Most Asian stocks fell on Tuesday, with Japan’s Nikkei 225 retreating as investors locked-in profits from a stellar rally, while focus turned to key upcoming economic indicators from China.

By Ankur Banerjee

₹742.20 apiece on the BSE. UBS expects One 97 Communications, the parent company of fintech giant Paytm, breaking even on EBITDA in FY25 and reaching a 20% EBITDA margin by FY28. It views this as a key re-rating trigger, as seen at other new-age companies such as Zomato, where investors value profitable growth more than pure growth.

Mint on 29 December reported that the union government was considering a 50% duty on the export of molasses to augment supplies for meeting India's target for cleaner and more efficient ethanol-blended petrol. The government aims to achieve its E20 (20% ethanol blended petrol) target by 2025-26 from its present 12%. India is the world’s largest molasses exporter and contributes about 25% to global trade.

Transport Corporation of India with a target price of Rs 990. The current market price of Transport Corporation of India is Rs 832.15. Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 6431.15 Crore) operating in Logistics sector.

PNB Housing Finance with a target price of Rs 1025. The current market price of PNB Housing Finance Ltd.

The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones. Positive setup was seen in OFSS, Glenmark, Aurobindo Pharma, Granules, ONGC, Indian Hotels, Rec Ltd, BEL, Bharti Airtel, PFC, Godrej Properties, IRCTC, RIL, UBL, Apollo Hospital etc. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is placed at 22000 strikes and then towards 21800 strikes. Call writing is seen at 22800 strikes and put writing is seen at 22000 strikes. “Options data suggests a broader trading range in between 21500 to 22500 zones while an immediate trading range in between 21800 to 22300 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a bullish candle on the daily scale on Monday with a long lower shadow which indicates that every small decline is being bought in the market,” he said. “Now the index has to hold above 22000 zones, for an up move towards 22222 then 22350 zones while on the downside support exists at 21950 and 21850 zones,” recommended Taparia. We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:

Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank's interest rate trajectory.

Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run. Stocks that were in focus included names like Just Dial, which rose 1.82%, HDFC Life, which declined 3.55%, and Wipro, whose shares jumped 6.37% on Monday. Here's what Kushal Gandhi, Technical Analysts at Stoxbox, recommends investors should do with these stocks when the market resumes trading today.

Even as Delhi shivers, tempers are flaring at its airport. On Monday, a passenger on a Delhi-to-Goa flight was arrested after he assaulted the pilot, who had stepped into the passenger cabin to announce a delay in taking off on account of heavy fog. While circumstances can get aggravating for passengers confined to a long metal tube for longer than they expect, what the irate passenger did was unpardonable.

Buy or sell stocks for today: The Indian stock market indices, Sensex and Nifty, extended their record run for the fifth consecutive session on Monday led by a strong rally in IT stocks. The Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45.