INDIA BUDGET REACTION
Market can only go up now irrespective of Budget. Here's why
The Street has discounted the defence manufacturing stocks too much into the future. Even the earning visibility has been discounted. It is a fast-moving train; it does not make sense to get onto that train at this point. There are many choices when it comes to rural play – two-wheelers, fertilisers, pesticides and M&M, says Dipan Mehta.
ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar
While we strive to reduce our reliance on FIIs, our Systematic Investment Plan (SIP) contributions are reaching record highs, reflecting growing confidence in the Indian markets.
India best emerging market story; haven't ever seen valuations and fundamentals so attractive: Mihir Vora
The US economy has been much better than expected. It has been stronger for longer and of course, then it also translates to higher interest rates for longer, probably, but the fact is that the US economy is doing quite well.
AMCs, insurance stocks offering good money-making proposition: Deven Choksey
I believe that the market is going to remain positive. Investors are going to be remaining confident. Maybe these numbers are going to be forgotten after a couple of days once the ministries and the governments are formed.
Expect some degree of volatility till the Budget: Sunil Subramaniam
But I now expect consumption to redress the balance and you will get a far more broad-based recovery, that is number one. Number two is I think that now with the lessons of what happened in this election, we expect the BJP itself to take necessary corrective action since it has got power for the next five years so that the very next election they will be in a position.
Market will soon start acting and reacting to economic fundamentals
The unexpected election results and resulting uncertainty have triggered market jitters, reminiscent of similar situations in 2004 and 1991
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Electoral shock dashes hopes of rate cut
Food inflation challenges RBI, impacting rate cuts. Elections, populist spending, and fiscal landscape influence rate cut decisions.
Stay put, stay calm, don't be adventurous: Vijay Kedia's message to retail investors
I do not know what is going to happen still because since BJP has not come with a majority and all, so that is the biggest fear factor in this market, that what is going to happen tomorrow. Let me tell you, somebody was telling me who is going to become PM also.
Energy, manufacturing & infra to remain bedrock of India's bull market: Nilesh Shah
It is very likely that these very sectors are going to basically get a fresh impetus. You are right that yes, in term one, these pockets did not yield returns. But in the second term, especially post COVID, we have seen massive returns and I probably think that is only the start, be it defence, be it space, be it many of the other areas.
Need to be slightly circumspect of the rally in commodities: Ashish Gupta
Inflation has consistently been lower than historic trends. We have much more stable currency. We have a current account which is either in a minor deficit or a minor surplus.
Don't see sustained FII outflows from India: Mihir Vora
It cannot be risk off because US markets are doing so well so maybe the US market itself is acting as a magnet for global flows. So, it seems to be more of a GEM, global emerging market, outflow out of which India is typically 10%, so when money flows out of global funds you do get redemptions in India and some of the positioning may be because of that.
'Stock market rally' from June 4, predicts PM Modi: Should stock, mutual fund, gold investors tweak portfolios before Lok Sabha election results?
Lok Sabha election results 2024: Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. A few days back, Union Home Minister Amit Shah asked investors to buy the dip before June 4, 2024, as the market will shoot up after that. Now the question is what should investors do till the election results are out? Is it time to accumulate more stocks or avoid the volatility and play it safe? Find out here
10 Vitamin B12 Supplements in India
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Government, opposition likely to lock horns over Centre-State row as Karnataka Budget session begins Monday
The Congress government is expected to showcase its agenda ahead of the Lok Sabha polls later this year through the Governor's address and presentation of the State Budget, while the opposition BJP and JD(S), which are set to fight the polls jointly, look to show the government in poor light by highlighting the allegations against the administration.
2024 Interim Budget: Emphasizing policy continuity in a mature economy
The interim budget is reassuring with no big surprises. The fiscal deficit target for FY24 will be met and a tighter target is proposed for FY25, freeing up space for private borrowings. The budget focuses on trade, tourism, and transportation, with investments in railway corridors, airports, and public transport. It also supports the PLI and IDEAS schemes and emphasizes managing inflation and inclusive growth. The budget addresses women's and children's health, housing, and sustainability through the rooftop solar scheme. Overall, it indicates the government's intent and sets expectations for the full budget.
Though no change in interim budget, full budget should ease these pain points of investors
With reforms having flattened fluctuations, budgets become quiet affairs focused on tweaks, not shocks
What does lower interest rates and lower inflation mean for market valuations right now? Nilesh Shah explains
Nilesh Shah explains: "Lower interest rates in India are unlikely to benefit India Inc. due to low leverage, but they do help on the valuation side, leading to higher equity market valuation. Concerns remain about India's premium valuation, but if local interest rates decrease, valuations will be re-rated, potentially pushing rating agencies to upgrade India's rating."
Budget: Government’s big push on infra, innovation and technology to spur growth
The budget's emphasis on the growth and global competitiveness of businesses is aimed at fostering a robust ecosystem for economic growth.
This report card budget has given positive signals for equity markets: Sunil Subramaniam
The reduction in interest rates in the debt market is leading to increased flow of money into hybrid funds, which provide a tax-efficient way to participate in the reducing debt market. This has positive implications for the private sector as it reduces the crowding out effect of the government, leaving more capital for private sector borrowing. The lower borrowing program announced by the government also reduces pressure on yields, resulting in mark-to-market gains for banks and mutual funds.
Budget outlines comprehensive roadmap for sustained economic growth: Kiran Mazumdar-Shaw
Kiran Mazumdar-Shaw commends Nirmala Sitharaman's comprehensive roadmap for India's sustained economic growth towards developed economy status by 2047. The budget prioritizes research, innovation, bio manufacturing, infrastructure development, and technology-driven digital transformation. No tax change is a positive aspect.
Interim Budget evokes mixed response from Indian business community in Gulf
Mixed reactions from the Indian business community in the Gulf to India's interim Budget for 2024-25. Some hailed it as forward-looking and a vision statement for the journey from developing to a developed country by 2047. Others voiced disappointment over the absence of tax reliefs for individuals.
Budget 2024 announcements: When and where to watch live stream and telecast of finance minister Sitharaman's speech today
Budget 2024 announcements : Finance Minister Nirmala Sitharaman is expected to exercise fiscal prudence in the interim budget 2014 before the upcoming elections, which will be subsequently replaced by a new budget after the formation of the government post the April-May elections. The budget is anticipated to serve as an economic manifesto, outlining Prime Minister Narendra Modi's vision for the next five years. Sitharaman's upcoming budget presentation is significant as it marks the final budget before general elections.
The beast called interim budget: An outgoing govt's budget or a returning one's?
Union Budget 2024: In the run-up to the upcoming General Elections, the shape of India's interim budget remains unpredictable, given its historical variability. Past interim budgets have showcased a mix of fiscal responsibility and populist measures, reflecting the government's economic and political considerations. As FM Nirmala Sitharaman prepares to present the budget, the nation awaits an announcement that could impact the course of India's $5 trillion economy by 2025.
It will be interesting to see how FM balances Budget to trim fiscal deficit to near 4.5%: Mihir Vora, Trust MF
Mihir Vora says: "The Budget being an interim budget should not have any major shocks, but it will be interesting to see how they balance the imperative to trim the fiscal deficit to as close to 4.5% which is the glide path that we have to show especially given the fact that this is going to be the year in which Indian bonds get introduced to the global bond indices. So, my guess is about 50 basis points reduction in the fiscal deficit will be shown."
ETMarkets Smart Talk: Markets will closely track capex numbers, rural & housing scheme spends, and taxation: Niraj Kumar
The government may take steps to nudge greater retail participation and deepen the bond market in the interim budget 2024. Markets have hit record highs reflecting strong investor sentiment, but consolidation is possible. Fiscal deficit numbers will be closely tracked, along with capital expenditure, rural & housing scheme spends, and taxations. Bond investors may see tweaks to make the segment more attractive, and interest rates are expected to lower, leading to capital gains. The budget will focus on infrastructure, PLI schemes, green energy, agriculture, rural, FMCG, and auto sectors.
Budget 2024: Bharat at the heart of Budget's economic reforms to help India glitter
Interim Budget: The upcoming Union budget shifts focus to Bharat, India's rural heartland powering 65% of its populace and pivotal GDP contributions. Envisioning a USD 5 trillion economy hinges on rural sector metamorphosis. The budget signifies a pivotal moment to recommit to rural upliftment. It’s not just about sustaining growth but orchestrating transformation via a multifaceted strategy—prioritising policies, infrastructure, education, and tech advancements to unlock untapped potential, ensuring holistic and inclusive progress.
Budget 2023: Nirmala Sitharaman went back to basics
At 22% of overall spending, capital expenditures would be at record high and aid achieving over 6% GDP growth next year
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