The government should enhance the deduction limit against interest payment on home loans Says Mr.Pradeep Aggarwal, Signature Global
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Below is quote on Budget Expectation By Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global
"The synchronised rate hikes by the leading central banks of the world and their hawkish tone impacted market sentiments last week with Nifty closing below the near-term support of 18400. While this risk-off can continue to impact the market, there are positive triggers too, like steadily declining inflation in the U.S. and the hope that the Fed will respond to this with a pause in rate hikes in early 2023. Therefore, market trends are likely to oscillate like the World Cup finals. Leading indicators point to a resilient Indian economy. Credit growth continues to be strong and this can impart strength to the Bank Index. High quality bank stocks can be bought on declines. IT may show weakness on fears of a US recession but this weakness can be an opportunity for long-term investors. Capital goods segment is on a strong wicket."
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