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Benchmark indices Sensex and Nifty traded higher in early deals on Wednesday, supported by foreign fund inflows and optimism over the India-US trade framework, though heavy selling in IT stocks limited gains amid weak cues from US technology shares.
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The rupee weakened 22 paise to 90.54 against the US dollar on Wednesday as traders remained cautious despite optimism over an India-US trade deal, amid the absence of formal documentation and continued dollar buying by corporates and importers.
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India has safeguarded sensitive agriculture and dairy sectors in the US trade deal, while Washington reduces tariffs on Indian goods from 50% to 18%. Labour-intensive sectors like apparel, footwear, and jewellery are set to benefit, with a joint statement to be issued soon
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The India-US trade deal is expected to help stabilise the rupee, narrow the current account deficit and boost foreign direct investment, according to a report. Improved market access and tariff certainty could support exports, manufacturing investment and medium-term economic growth
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The rupee rose sharply by 119 paise to 90.30 against the US dollar in early trade after the US cut tariffs on Indian goods to 18 per cent. Forex traders said the move could improve FII interest in Indian markets.
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Modest allocations and limited structural reforms raise concerns over income volatility, climate stress, and long-term agricultural resilience
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Commerce Secretary Rajesh Agrawal said the Budget proposal to allow SEZ units to sell goods in the domestic market at concessional duty will promote import substitution and job creation. Details will be rolled out in two to three months
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Foreign Portfolio Investors withdrew nearly Rs 36,000 crore from Indian equities in January amid global uncertainties and weak sentiment. Analysts said the proposed STT hike, strong dollar, and geopolitical tensions may further affect overseas inflows in the near term
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The Finance Ministry is considering raising foreign direct investment in public sector banks to 49 per cent to strengthen their capital base. Financial Services Secretary M Nagaraju said consultations are under way, while also highlighting plans for IDBI Bank sale and the need for big lenders
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Finance Minister Nirmala Sitharaman said the FY27 Union Budget prioritises investment and growth, defended the STT hike on F&O trades, outlined fiscal consolidation plans, and expressed confidence in sustaining private consumption and disinvestment efforts in the coming months
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Industry players said microwave oven prices may see only a minor impact after customs duty exemption in the FY27 budget. The move is expected to boost domestic manufacturing, improve component sourcing and strengthen India’s consumer electronics sector
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Gold and silver prices fell sharply on Monday due to higher margin requirements, strong US economic data and policy concerns. Analysts said rising dollar, higher yields and cautious investor sentiment weighed on bullion prices in domestic and global markets
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Benchmark indices Sensex and Nifty rebounded in early trade on Monday on value buying in blue-chip stocks, a day after markets slumped sharply on Budget day following a hike in securities transaction tax on equity derivatives.
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The rupee strengthened by 37 paise to 91.56 against the US dollar in early trade on Monday, supported by easing crude oil prices a day after the Union Budget, even as high government borrowing weighed on sentiment.
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Amid global uncertainty, Finance Minister Nirmala Sitharaman focuses on targeted measures to sustain growth, favouring steady interventions over headline-grabbing announcements
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Unless employment and training are linked to productivity, performance, and survivability, labour reforms risk creating jobs that exist on paper but fail in practice
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Finance Minister Nirmala Sitharaman announced the creation of specialised rare earth corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu. The initiative aims to boost mining, processing, research, and manufacturing, reducing dependence on imports and strengthening India’s critical minerals capabilities
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CII welcomed the Union Budget proposal to establish dedicated rare earth corridors in Tamil Nadu, Kerala, Andhra Pradesh, and Odisha. The initiative aims to boost mining, processing, research, and manufacturing, strengthening India’s leadership in rare earth magnets and critical minerals
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India’s Union Budget 2026-27 allocates Rs 7.84 lakh crore for defence, including Rs 2.19 lakh crore for capital expenditure and Rs 5.53 lakh crore for revenue. Customs duty exemptions on aircraft components aim to boost the defence aerospace sector
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Congress criticised Union Budget 2026-27 as “lacklustre” and “non-transparent,” saying Finance Minister Nirmala Sitharaman’s speech omitted key allocations. While capex rises to Rs 12.2 lakh crore and infrastructure plans were outlined, critics say the budget falls short of expectations
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Finance Minister Nirmala Sitharaman proposed a Rs 12.2 lakh crore infrastructure push in Union Budget 2026-27, focusing on Tier-2/Tier-3 cities, east-west freight corridors, inland waterways, and an Infrastructure Risk Guarantee Fund to boost investment, connectivity, and regional development
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Indian markets saw sharp intra-day falls after Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27. Sensex dropped over 2,300 points, Nifty over 600, as investors remained cautious amid limited tax relief and awaited sectoral and fiscal policy announcements
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Finance Minister Nirmala Sitharaman proposed a high-level Banking Committee for Viksit Bharat, restructuring key financial institutions, reviewing FEMA rules, promoting corporate and municipal bonds, and easing foreign investment limits to strengthen India’s banking sector and boost ease of doing business
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The Income Tax Act, 2025, will come into force from April 1, replacing the 1961 law. The revenue-neutral legislation simplifies tax rules, reduces litigation, introduces a single tax-year system, and eases compliance through redesigned return forms.
