Budget may give more importance to populist measures: Nischal Maheshwari

Quick Summary:

Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG.

Even though the BJP wasn’t able to garner a majority on its own, it is important that it has formed the government with its pre-poll partners and is not a post-poll alliance.

With the rural economy poised for a significant rebound and the government's emphasis on infrastructure and manufacturing, we anticipate continuation in policy making here.

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Category: BusinessFinance

Markets: India

Topics: July union budget proposals Centrum Broking Budget expectations Market valuation Power sector stocks FMCG. Defence Engineering sector RBI FIIs Nirmala Sitharaman Stock market strategy US Fed rate cut Budget proposals Budget Nischal Maheshwari Markets BFSI US Fed Budget in July FII flows India

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 09:31:49 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 777 words

Reading Time: 5 minutes read

Sentences: 42 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21620240

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