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Budget Day May See Stock Market Swing in 4% Range
Hindustan Times Gurugram
|February 01, 2025
Retail investors, high net worth individuals (HNIs) and proprietary traders have created derivatives positions that indicate that the stock markets could move within a 4% range on Saturday, the day finance minister Nirmala Sitharaman presents the budget for fiscal year 2025-26.
MUMBAI: Retail investors, high net worth individuals (HNIs) and proprietary traders have created derivatives positions that indicate that the stock markets could move within a 4% range on Saturday, the day finance minister Nirmala Sitharaman presents the budget for fiscal year 2025-26.
The positions were created on a day the markets rose for the fourth straight session. On Friday, the Nifty 50 settled 1.11% higher at 23,508.4 points while the Sensex ended 0.97% higher at 77,500.57.
Broader markets like the Nifty Midcap 150 and the Nifty Small-cap 250 outperformed, rising 1.7% each amid optimism that Sitharaman would announce some form of stimulus or tax breaks for low and middle-income taxpayers who have been singed by poor wage growth and high inflation.
This story is from the February 01, 2025 edition of Hindustan Times Gurugram.
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