Below reaction on the budget by Mr. Rakesh Tarway, Head of Research, Reliance Securities
‘Government has presented a reasonably positive budget, given the constraints, from equity markets perspective. No changes in capital gains for listed securities and concessions to FPIs will soothe market nerves. Adherence to fiscal deficit target of 3.2% and roadmap for the same is good for sentiments. Sectorally, housing and rural spending has received a good boost by major announcements. Middle class has also been given tax concession, which is good for consumption of basic goods'
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