PSU bank stocks rally in a muted market. Why are bulls rejoicing?

In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the gross market borrowing to be a little over Rs 15 lakh crore. The planned borrowing for FY25 is less than that in FY24. For FY24, the government had pegged gross market borrowing at Rs 15.43 lakh crore.

New Delhi, Mar 27 (PTI) The Centre is planning to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap to push economic growth, the finance ministry said on Wednesday. Out of gross market borrowing of Rs 14.13 lakh crore estimated for 2024-25, Rs 7.5 lakh […]

The bond market traders keenly watch the government’s fiscal deficit target and market borrowing plans in the Union Budget for directional cues. The trajectory of Indian government bond yields will be influenced by the Budget targets and the upcoming US Federal Reserve policy meeting.

The government plans to reduce gross borrowing to Rs 15.3 lakh crore in FY25, targeting a fiscal deficit of 5.5% of GDP. SBI researchers believe that net market borrowing will be around Rs 11.7 lakh crore, resulting in gross borrowings of Rs 15.3 lakh crore after repayments. Adjustments and switches may lower the borrowing to less than Rs 15 lakh crore.

The government on Tuesday said it will borrow Rs 6.55 lakh crore in the second half of 2023-24 through dated securities, including Rs 20,000 crore through issuance of Sovereign Green Bonds (SGrBs). The government meets its fiscal deficit mainly through market borrowings.

On the technical front, with the immediate resistance being at the 21,400 mark, we expect the market to go down further towards 21,100 and 21,000 eventually, and if it breaks the 21,000 level we can witness more selling pressure up to 20,900-20,500 levels, said Prashanth Tapse, Senior VP (Research), Mehta Equities.

India Business News: Government intends to borrow Rs 7.5 lakh crore in the first half of FY25 through bond auctions and Rs 49,000 crore via treasury bills in the first qua

The net short position of FIIs reduced from Rs 1.75 lakh crore on Thursday to Rs 1.62 lakh crore on Friday.

In a rare move, the interim budget for FY25 clubbed the government's disinvestment and asset monetisation targets, instead of declaring them separately. The combined realisation is budgeted at Rs 50,000 crore for FY25, against Rs 30,000 crore (revised estimate) in FY24 and Rs 61,000 crore in the BE for this fiscal. Of course, the combined target is still less than 2% of the government's expected non-debt receipts for FY25.

Nifty50 and Sensex ended lower due to weak earnings and renewed profit-booking. Key resistance and support levels indicate heightened volatility, while mixed bullish and bearish signals show a rangebound market. High activity and varied interests are noticeable across different stocks, revealing a cautious market sentiment.