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Markets Open Steady Amidst Global Geopolitical Tensions and New RBI Lending Rules

On this edition of Business Today's Market Opening, the focus is on the Indian stock market's resilience despite rising geopolitical tensions in Venezuela. The broadcast highlights a steady start for the Nifty and broader indices, driven by strong performances in the auto and metal sectors. Key updates include the Reserve Bank of India's sweeping new restrictions on related party lending and Nvidia's latest AI innovations for autonomous vehicles. The report also covers the record-breaking rally in gold and silver prices, alongside specific stock movements in banking and discretionary sectors. As the market expert notes regarding the disconnect between global noise and local action, ‘Markets at the moment are really beating their own path.’

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Har ghar Laxmiji padhaare: PM Modi outlines budget vision

Prime Minister Narendra Modi said India’s 140 crore citizens are no longer content with being the world’s fastest-growing economy and want the country to become the world’s third-largest economy “as soon as possible.” He said the Union Budget gives equal importance to multiple sectors and lays the groundwork for achieving the vision of Viksit Bharat by 2047. Highlighting Nari Shakti, Modi praised Finance Minister Nirmala Sitharaman, calling the Budget historic for underscoring India’s commitment to women’s empowerment. “As a woman Finance Minister, Nirmala ji has set a new record by presenting the Union Budget for the ninth consecutive time,” the Prime Minister said, lauding her leadership and consistency.