Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of Rs 15.68 lakh crores channelled exclusively into capital expenditure, Finance Secretary and Secretary, Department of Revenue, Tuhin Kanta Pandey told industry leaders Monday.
Capital markets regulator Sebi on Tuesday facilitated the participation of retail investors in algorithmic trading (algo trading), which provides advantages of faster order execution and improved liquidity. At present, only institutional investors are allowed to put in algo trading, which provides significant advantages of timed and programmed order execution.Also, the regulator came out with a regulatory framework aimed at spelling out the rights and responsibilities of the main stakeholders of the trading ecosystem such as investors, brokers, algo providers/vendors and Market Infrastructure Institutions (MIIs) so that the retail investors can avail algo facilities with requisite safeguards.The move will be applicable from August 1, the Securities and Exchange Board of India (Sebi) said in a circular.
Nifty: Nifty remains in an uptrend despite recent weakness, forming a higher bottom. A breakout above 23,500-23,600 could trigger further gains. Analysts expect bullish momentum, with resistance at 23,800 and potential upside toward 24,050. Support lies at 23,200-23,250.
President Trump has imposed new tariffs on imports from Canada, Mexico, and China, leading to potential economic impacts. While aiming to enhance border security and combat drug trafficking, these tariffs risk increasing prices for American consumers and straining international relations.
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I am not necessarily of the view that this will have to come at the cost of the investment economy or the investment portion of the portfolio. And therefore, to that extent, up until now that we were probably confronted with a situation where only one engine or one cylinder was firing, we probably now have the other cylinder firing for us as well from a market standpoint.
One of the major highlights is the personal income tax relief, which is a bold move, with the government forgoing nearly 1 lakh crore in revenue. This is expected to boost consumption, as taxpayers will have additional spending power, creating a multiplier effect on the economy.
L&T shares rose 3% after securing a major Rs 5,000-10,000 crore steel project in MENA. The stock rebounded after budget-related weakness. Analysts highlight slowing capex growth but strong order inflows support optimism.