On February 1, government securities saw an 8 basis point decrease in yield after Finance Minister Nirmala Sitharaman announced lower borrowing for next financial year. This is due to a decrease in gross and net borrowing, which is lower than the current year. Inclusion of Indian bonds in global indices may attract $15-20 billion of flows next year and cause yields to fall further.

Small-cap stocks have consistently outperformed key benchmarks since the previous budget, with a 60% rise in the BSE Small Cap index compared to a 19% gain in the BSE Sensex. The MSCI India Small Cap Index (USD) also outperformed emerging and developed markets. This was driven by government spending announcements in sectors like power, railways, and infrastructure, leading to a broad-based rally.

Global investment firm KKR & Co, opening a new tab said on Wednesday it had raised $6.4 billion for its fund focused on infrastructure and energy-related investments across the fast-growing Asia Pacific region. New York-based KKR said the fund was the largest pan-regional infrastructure fund to have been raised for Asia Pacific.

Economists believe that the expectations for populist measures in the interim budget are limited due to the current political climate. There may be some minor changes, such as increasing the amount for the PM-KISAN scheme and a focus on the Pradhan Mantri Awas Yojana. However, major announcements such as tax cuts are not expected.

Ajanta Pharma reported a 56% increase in consolidated net profit of Rs 210 crore for the Oct-Dec quarter. Revenue also rose by 14% to Rs 1,105 crore and EBITDA increased by 85%. The company's Board approved a second interim dividend of Rs 26 per share. India branded generics contributed Rs 308 crore while US generics brought in Rs 252 crore of its total revenue.

AMC sells two out of eight plots for Rs 109.65 crore on the third day of auctions. Five plots were sold in total, earning Rs 298.65 crore. The highest bid of Rs 3.20 lakh per sq m was received for a coveted plot in Bodakdev, surpassing a previous record. This comes after a failed attempt in February 2023 to sell seven plots. AMC changes strategy to successfully sell plots in Vatva, Makarba,

Apartments in the range of 500 sq ft and below were more in demand, down payment The Mumbai real estate market registered a strong growth in January 2024, with an increase of 21 percent in property registrations compared to the same period in 2023. Revenue from stamp duty also witnessed an eight percent rise. Residential units made up 80% of the total properties registered.

Finance Minister Nirmala Sitharaman in her Interim Budget for 2024-25 proposed to expand and strengthen the ecosystem for electric vehicles by supporting the manufacturing and charging infrastructure. She also said that a scheme on bio-manufacturing will be launched to promote green growth. "Strengthening of EV ecosystem through greater adoption of e-buses through payment security mechanism

Piramal Pharma reported a consolidated net profit of Rs 10 crore in the third quarter ending December 2023, swinging from a net loss of Rs 90 crore in the same period last year. The company's revenue from operations also increased to Rs 1,959 crore, with a 14% YoY growth. The contract development and manufacturing business is performing well, with strong order inflows for innovative offerings.

Jaiprakash Associates, a diversified company in construction and real estate, reported a net loss of Rs 476.12 crore in Q3 of FY21, compared to Rs 314.51 crore in the same period last year. Their total income also decreased to Rs 1,558.58 crore from Rs 1,933.11 crore. The company is involved in various businesses such as cement and hospitality.

India's core sectors, including coal, crude oil and electricity, saw a growth of 3.8% in December, the lowest in 14 months. This is a significant drop from the previous month's 7.8% growth, which was later revised to 7.9%. Overall, the output for the first nine months of the fiscal year remained the same at 8.1%.

The stock market reacted positively to the interim budget for 2024 as it focused on boosting consumption, particularly in rural areas. Godrej Consumer Products and Dabur India were top gainers. The budget announced plans to construct two crore houses in rural areas, boost agriculture, and extend healthcare coverage. The government also increased the investment outlay to Rs 11.11 lakh crore.

Dixon Technologies on January 31 reported a net profit of Rs 97.1 crore for the December quarter of FY24, registering a growth of 87.1 percent from Rs 52 crore last year. Total revenue of the company stood at Rs 4,818.3 crore, double from Rs 2,404 crore in the year-ago quarter, the company said in a regulatory filing.

Finance Minister Sitharaman announced that 1.4 crore youth have undergone training and upskilling under the Skill India Mission, which focuses on skill acquisition and development through short and long term programs. Implemented by over 20 central ministries, the mission aims for comprehensive growth in GDP, governance, and overall performance

Railway stocks have seen a decline after the interim budget, despite an 11% increase in total capital outlay for 2024-25. The government plans to convert 40,000 rail bogies to Vande Bharat standards and create three new rail connectivity corridors. This is expected to improve passenger operations and provide job opportunities. Experts predict a 20% growth YoY in railway capex.