Union Budget 2023 Live Updates On Market: Nifty, Sensex Set To Rise Higher Ahead Of Budget 2023

Budget 2023: This is the last full-year budget before the national elections in 2024.New Delhi: Stock Indices are set to open higher today ahead of the Union budget, as investors look for major triggers for the near-term trajectory of the market.NSE stock futures listed on the Singapore exchange were up 0.59% at 17,857.50 as of 07:42 a.m. IST.The budget will be presented at 1100 am, in which the government will likely seek to lower its fiscal deficit while offering incentives for investment.This is the last full-year budget before the national elections in 2024 and key state elections later this year.Infrastructure spending, measures to aid long-term growth, the government’s fiscal consolidation path and the borrowing calendar for fiscal 2024 are seen as key triggers for the market.India has pegged its economic growth at 6-6.8% in the 2023/24 fiscal year, the slowest in three years, at its pre-budget economic survey on Tuesday.Here are the live market updates:Get NDTV UpdatesTurn on notifications to receive alerts as this story develops.Markets Open Higher: Stock indices opened higher today ahead of Nirmala Sitharaman’s budget speech. BSE Sensex was up 457 points at 60,007. NSE Nifty gained 130 points to reach 17,792. US Fed Rate: The US Federal Reserve’s rate decision is expected later in the day, which is key for Indian companies with major exposure to the United States.Stocks To Watch: – Auto stocks: Tata Motors, Maruti Suzuki, Bajaj Auto, Hero MotoCorp  Mahindra and Mahindra, Ashok Leyland will be in focus ahead of monthly sales volume numbers for the month of JanuaryFeatured Video Of The DayNirmala Sitharaman To Announce Today Last Full Budget Before 2024 Polls



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