01-02-2024 05:08 PM | Source:
Post Budget Quote by Hemant Kanawala, Senior Executive Vice President & Head Equity, Kotak Mahindra Life Insurance Company
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the post budget comment by Hemant Kanawala, Senior Executive Vice President & Head Equity, Kotak Mahindra Life Insurance Company
“The Budget is well grounded prioritising fiscal prudence and capital expenditure over consumption. Power sector including new energy, railways, defence and affordable housing are major areas of focus for capital expenditure . The focus on capital expenditure over consumption remains with 11% capital spending growth on high base of FY24. Fiscal consolidation remains top priority, targeting fiscal deficit of 5.1% for FY25 against 5.8% in FY24, which should augur well for Bonds. Lower interest rates should support current valuation of the market while earnings will be the main driver of market returns.”
Above views are of the author and not of the website kindly read disclaimer
Latest News
IIT-Madras partners with industry players to offer e...
FIIs stood as net buyers in equities as per July 04 ...
Team India leaves from 7 Lok Kalyan Marg after meeti...
Sensex closes above 80,000 for first time, Nifty at ...
`Reception at PM Narendra Modi`s residence, roadshow...
FPI buying in India`s financials at six-month high i...
Discover the enchanting allure of Lakshadweep
Echoes of Earth Festival debuts to Goa
GRM Overseas climbs on bagging new order worth Rs 60...
Papanasham beach at Kerala's Varkala figures among w...
