'Tax relief for the middle class will be a big positive for the markets'

Quick Summary:

Nifty is comfortably trading at 15-year average PE of 19.2x.

Many auto companies have been reporting increase in average selling prices (ASP), making strides in EV and planning new launches.

Portfolios should also lean towards large-caps as foreign institutional investors (FIIs) are expected to return in force post-Budget once they gain clarity on India's fiscal situation.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: Union Budget 2024 Markets Budget 2024 Budget expectations Income tax benefit Stock market Quant funds EVs Prabhudas Lilladher Income tax slabs Stock market strategy Income tax relief Budget Nirmala Sitharaman Income tax rate India

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 10:09:52 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1133 words

Reading Time: 7 minutes read

Sentences: 62 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21391744

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 177 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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