As the initial buzz around the 2024-25 interim budget settles, it's important to zoom out and take a holistic view of the government's fiscal strategy and focus. In this context, the five key elements that define the interim budget are as follows: Realistic nominal GDP The interim budget has assumed that the economy will grow by 10.5 percent on a nominal basis. For two years in a row.

After State Bank of India (SBI) reported lower Q3 earnings due to high wage costs, top brokerages maintain a positive outlook on SBI shares. Foreign brokers Jefferies and Nomura retain their buy ratings with price targets of Rs 810 and Rs 755 respectively, while domestic brokerages Kotak Institutional Equities and Nuvama suggest buying at a target price of Rs 760 and Rs 745 respectively.

The Nikkei share average in Japan rose 0.54% on Monday, driven by a weaker yen and gains on Wall Street. Automakers were the main beneficiaries as a weak yen boosts overseas revenue. Despite U.S. long-term Treasury yields hitting 4.1%, investors are confident in Japanese stocks with a strong earnings season and hopes for corporate governance reforms and the end of deflation.

Hyundai Motor is considering a $3 billion IPO for its Indian unit at a $25-30 billion valuation, which could make it the country's largest ever stock offering. The company is looking to capitalize on India's strong IPO market and compete with Tesla's entry into the country. Hyundai has been investing in the Indian market, including acquiring a former GM plant, to expand its production.

Axis Asset Management's Hitesh Zaveri believes that the recent budget has shown a commitment towards fiscal consolidation, which is a sensible move. The government has not given in to populism and has instead focused on maintaining fiscal discipline. The miss on divestment targets is disappointing, but strong economic growth can make PSU stocks more attractive for investors.

In order to prevent unauthorized constructions in Bengaluru, the high court has issued guidelines for the city's civic body, BBMP, to follow. These include securing contact details of applicants, conducting periodic inspections, and integrating databases with other agencies for verification. Violations will result in immediate notice and removal.

Britannia Industries is expected to see muted growth in earnings due to weak volumes and rural demand, higher raw material costs, and price cuts. 1.2% YoY revenue growth and 0.1% drop in EBITDA expected. QoQ gross margin likely improve by 20 bps, while EBITDA margin may decline by 90/70 bps YoY/QoQ. Key things to watch are demand outlook, new ventures, raw material prices.

DLF Ltd stock has more than doubled investors' wealth in the last year, but saw some profit-taking in January 2024. It hit a record high of Rs 815 on Jan 15 but fell back to find support at 730 levels. The stock broke out from a falling trendline resistance and is expected to reach a new record high of 865. Experts suggest buying on dips for a target above 850 levels. DLF reported a 27% increases.

Apeejay Surrendra Park Hotels' Rs 920-crore IPO subscribed 45% on first day of bidding. Retail investors bid 1.73 times, HNIs picked 51% of allocated shares. Offer consists of fresh issue worth Rs 600 crore and offer for sale of Rs 320 crore by promoters. Company raised Rs 409.5 crore from anchor investors. Plans to use Rs 550 crore to repay loans and for general corporate purposes.

The Indian defence industry has seen a positive shift due to opening up to the private sector, resulting in investments, innovation, and efficiency. To make India self-reliant in defence, higher budget allocation is needed. Challenges such as high cost of capital and limited ease of doing business hinder private sector growth. The private sector accounts for a significant portion of defence.

Last year was a tough period for the market, but it was followed by a strong uptrend. However, caution has returned in the new year and there is potential for a reversal. The support level is around 21720-21600 for Nifty. Nifty Bank is underperforming and may see a rise towards 50000 if the 20-day SMA at 45569 holds. USDINR near 83 could indicate a shift in momentum for equities.

Founder of Paytm, Vijay Shekhar Sharma assured employees that there will be no layoffs despite the ongoing crisis with RBI. The company is engaging with other banks for partnerships and Sharma addressed concerns about job security during a town hall meeting. The stock price has also been affected, with exchanges limiting daily trading to 10%. SBI and ICICI bank are potential partners.

Oil prices stabilised in early Asian trading on Monday after sharp falls last week, amid continued attempts to reach a ceasefire in the Israel-Palestinian conflict even as the U.S. planned new strikes on Iran-backed groups. Brent crude futures inched up 8 cents to $77.41 a barrel by 0131 GMT, while U.S. West Texas Intermediate futures were flat at $72.28 a barrel.

Asian shares fell due to a strong US jobs report that reduced expectations of a rate cut from the Federal Reserve. China's stocks also remained low on weak sentiment, despite efforts by Chinese regulators to stabilize the market. Fed Chairman Jerome Powell indicated that interest rates may not be cut soon, causing markets to price in a lower chance of a rate cut in March.

Asian shares fell and the dollar rose after a strong US jobs report reduced expectations of an interest rate cut. Oil prices were unstable due to recent US strikes in the Middle East. China's securities regulator announced plans to stabilize the market, but sentiment remains low. Fed Chairman Jerome Powell stated the need for balance in deciding on rate cuts. Treasuries and regional bond yields.