Budget and Industry:Stock

Stock Market Highlights on Friday, June 06, 2025

Stock Market Highlights, July 11: On the daily charts, we can observe that dips towards the lower boundary 24,100 are being bought into, suggesting strong support at 24,150 – 24,100 zone. Going ahead, we expect the range bound price action to continue. Ideally dips towards the support zone should be used as a buying opportunity.

 

“The overall economic environment globally and in India is so uncertain to talk about interest rate cuts. Second thing is CPI headline inflation continues to be close to 5 per cent and according to surveys done it is expected to be close to 5 per cent [for June]; I think it is too early to talk about an interest rate cut,” he said in an interview with CNBC TV18. “I would rather not give any kind of forward guidance which may lead the market players, stakeholders and others to board the wrong train," he added.

 

 

Two of the six members of the RBI's monetary policy committee voted last month to cut the policy repo rate, arguing that an overly tight policy might hinder economic growth.

 

More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the expectations of stakeholders from the first budget of the Modi 3.0 government.

Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23, which will be the first major policy document of the new government.