Government bond yields are expected to remain largely unchanged in early trading on Wednesday as market participants await the federal budget announcement due later in the day. The benchmark 10-year yield could move in the 7.26%-7.45% range, a trader with a private bank said, after closing six basis points lower at 7.3438% on Tuesday, and posting its biggest single-session fall in two months.
Watch the announcements mande by finance minister Nirmala SItharaman.
Investors will keenly watch the announcements mande by finance minister Nirmala SItharaman. Infrastructure spending, measures to aid long-term growth, the government’s fiscal consolidation path and the borrowing calendar for fiscal 2024 are seen as key triggers for the market.
Nirmala Sitharaman reaches Rashtrapati Bhavan
The benchmark BSE sensex started on a positive note, rising over 400 points; NSE Nifty is up 106 points at 17,768 .Nirmala Sitharaman reaches Rashtrapati Bhavan, to call on President Draupadi Murmu
Budget will incorporate the expectations of every section of society
Ahead of the presentation of Union Budget 2023-24 in the Parliament on Wednesday, Minister of state (MoS) for finance Pankaj Chaudhary said that the budget will incorporate the expectations of every section of society and will stand on everyone’s expectations.
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People’s expectations would be reflected in the Budget which will be presented later today
Speaking to ANI ahead of the Budget, MoS Finance said that the people’s expectations would be reflected in the Budget which will be presented later today .Nirmala Sitharaman has reached ministry of finance ahead of Budget presentation. She is expected to meet President Draupadi Murumu shortly.
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