Friday, 15 November 2024
Trending
Stock Market

Prior to the Interim Budget, rail stocks rise in value

  • In advance of the interim budget’s announcement, railway businesses in New Delhi are operating profitably.
  • The stocks of Texmaco Rail & Engineering, Indian Railway Finance Corporation, and Rail Vikas Nigam increased by 3.26 percent.
  • The BSE Sensex was down 0.04 percent, or 27.05 points, at 71,725.06, while the NSE Nifty was down 7.65 points.

In advance of the interim budget’s announcement, railway businesses in New Delhi are operating profitably.The stocks of Titagarh Rail Systems, Jupiter Wagons, Indian Railway Catering and Tourism Corporation (IRCTC), and IRCON International increased by 0.88 percent and 1.46 percent, respectively.

The stocks of Texmaco Rail & Engineering, Indian Railway Finance Corporation, and Rail Vikas Nigam increased by 3.26 percent. Since 300–400 Vande Bharat trains would be introduced, Hedonova’s CIO Suman Bannerjee anticipates a spike in railroad investment.

Sensex and Nifty

The 30-share BSE Sensex increased 118.59 points to 71,870.70 points in the equities market, while the Nifty quoted 68.20 points higher at 21,789.90 points. The interim budget will be presented in Parliament at 11 a.m. by Finance Minister Nirmala Sitharaman.

The BSE Sensex was down 0.04 percent, or 27.05 points, at 71,725.06, while the NSE Nifty was down 7.65 points, or 0.04 percent, at 21,718.04 points. There were 2,918 equities traded in total; 1,662 of them increased, 1,164 decreased, and 92 stayed the same.

Based on signals from the GIFT Nifty, Mandar Bhojane, Research Analyst at Choice Broking, believes that the Sensex and Nifty indices would open on a flat-to-positive tone on February 1.

The Banknifty is maintaining above 45,000 levels as an immediate support level, while the Nifty developed a Piercing Candlestick pattern, signaling bullishness.

Related posts
Stock Market

Indian Stock Market Update: Sensex and Nifty Struggle Amid Foreign Outflows

BSE Sensex and NSE Nifty closed lower, marking the fourth consecutive day of declines. Hindustan…
Read more
Stock Market

Sensex and Nifty Close Lower Amid Volatile Trading Session

Market Movement: Sensex fell by 139 points, while Nifty decreased by 37 points, reflecting a…
Read more
Stock Market

Top Stock Picks by HDFC Securities for Diwali 2024 Muhurat Trading

Bank of India leads the list with a potential 26% upside due to strong asset quality and financial…
Read more
Newsletter
Become a Trendsetter

To get your breaking, trending, latest news immediately without diluting its truthfulness join with worldmagzine immediately.

Leave a Reply

Your email address will not be published. Required fields are marked *

AfricaEmergency

73 Bodies Found Dead in the Mali Gold Mine Collapse

Worth reading...