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BUDGET 2021 To Focus On Growth

BUDGET 2021 To Focus On Growth

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The Union Budget is one of the biggest events for the stock market every year. Investors keenly look forward to the announcements made by the finance minister to understand which sectors are being prioritized by the government. Active investors can make tactical portfolio allocation keeping in mind the budget announcements and often investors profit from the pre-budget rally. But do markets always inch higher before the budget and do markets provide extraordinary returns postbudget? What is the market telling you right now? Yogesh Supekar highlights how the markets have performed pre and post-budget over the past decade even as Geyatee Deshpande highlights which sector stocks have shown a tendency to do well around the budget



 

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Adani Total Gas & Torrent Gas buy 5 per cent stake each in Indian Energy Exchange

Apurva Joshi / Article rating: 3.0

The Indian Energy Exchange (IEX) has informed the bourses about its first strategic divestment of shares in the Indian Gas Exchange (IGX), its wholly owned subsidiary. Adani Total Gas Ltd and Torrent Gas Pvt. Ltd, India’s two leading energy players with stakes in both upstream and downstream hydrocarbon value chain, have acquired 5 per cent equity stake each in the IGX.

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