2025-02-03 04:49:12 pm | Source: Alchemy Capital Management
Quote on Market by Hiren Ved, Director & CIO, Alchemy Capital Management
Below the Quote on Market by Hiren Ved, Director & CIO, Alchemy Capital Management
"Most budgets are usually a balancing act; however, this one is an excellently balanced one. A big push to consumption comes through income tax cuts. This should give some momentum to flagging consumption. On the capex front, based on actual numbers, there is decent growth. There is also a significant focus on boosting “Make in India” across electronic goods, EV batteries, solar, with new thrust areas in nuclear, shipbuilding and labour-intensive sectors. There is an emphasis on the ease of doing business across sectors, by simplifying procedures, removing irrelevant laws, and decriminalising several technical offences.
By keeping the fiscal deficit at 4.4% of GDP, the stage has been set for rate cuts and infusing more liquidity, which would further help in boosting consumption. No change with capital gains is a big relief. Net-net, the budget seems positive for our markets. In the near-term, consumption oriented sectors (retail, real estate, tourism and autos) and rate sensitive sectors may see momentum, along with EMS, power and defence in the medium term as capex spending and orders accelerate over the next few months."
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Seerat Kapoor shares essential hair and skin care ti...
Quote on AMFI Data by Pankaj Shrestha, Head of Inves...
Pooja Chopra recalls water balloon fights and fond H...
Comment on AMFI Feb data by Ajay Garg, CEO, SMC Glob...
Comment on AMFI Feb data by Akshat Garg, AVP, Choice...
Aim to equip young talents with skills for dynamic f...
Madhya Pradesh introduces `Social Impact Bonds` in B...
Sensex, Nifty end flat in highly volatile trade
India`s IT services firms likely to post 4 to 6 per ...
Gold ETF inflows in India soar 99 pc YoY in Feb
