Some of the topics discussed include: ethereum hits new all-time high, bitcoin playing catch up, silver pulls back as margin requirements are hiked, India fiscal stimulus announced, stock markets steady, bonds ease, Dollar firms.
India Spending Bonanza Powers Stocks as Valuations Take Backseat
This article by Subhadip Sircar and Kartik Goyal for Bloomberg may be of interest to subscribers. Here is a section:
Stock-market sentiment has also been buoyed by the absence of new taxes on the wealthy and corporations in the budget. Traders expect the government's growth push to boost corporate profits, which are already showing signs of a recovery. As the results season continues, 21 of the 29 NSE Nifty 50 firms that have reported earnings so far have beaten analyst estimates.
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