Benchmark indices and broader markets have historically shown subdued performance on Union Budget day, with less than 1% movement. However, a week after the event, both Nifty and Sensex have shown stronger gains. Three months post-budget, while the Nifty experienced significant swings, it generally trended upwards, with the exception of a notable fall in 2020.
RBI to conduct Rs 25,000-cr overnight variable rate repo auction on Jul 8
The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims