News Overview

Over the past year, Coal India Limited (CIL) stock has risen by an impressive 111%, and it has gained 27% since the beginning of the current year.

We expect that the budget will introduce policies aimed at stimulating investment, fostering innovation, and driving overall economic growth.

In the broader market, currency movements were muted as traders anticipated central bank meetings in the United States and Japan next week.

The credit facility, amounting to ₹2.96 billion, will be used for the upcoming solar photovoltaic (PV) and battery storage project in Uzbekistan.

Spot gold held steady at $2,398.29 an ounce, following a session in which it hit a low of more than a week earlier. US gold futures increased by 0.1% to $2,397.70.

September Brent crude futures were down 9 cents to $82.31 per barrel. September's price of U.S. West Texas Intermediate crude dropped 10 cents to $78.30 a barrel.

Additionally, the strategy calls for its production sites to switch from thermal coal to power produced from renewable sources.

The Economic Survey ahead of the Union Budget underlined that the post-pandemic recovery was strong and affirmative

Indian benchmark indices Nifty 50 and Sensex opened higher today as markets anticipate the Union Budget presentation by Finance Minister Nirmala Sitharaman.

According to the NSE, the derivative contracts in these securities crossed 95% of the market-wide position limit, leading to their placement in the stock exchange's ban period.