Union Budget News

While FPIs have remained net sellers post budget, domestic institutional investors (DIIs) have bought ₹8,105 crore worth of stocks, mitigating the market downturn. FPIs bought equities worth a net amount of ₹18,409 crore in six sessions before the presentation on Tuesday.

Experts foresee positive outlook for power PSU stocks due to capacity expansion, policy support, infrastructure development, and strong financial performance. Government’s emphasis on renewable energy projects and improving DISCOMs’ financial health are seen as key drivers for power PSUs.

Union Budget 2024 ensures policy continuity and fiscal stability with a focus on capital expenditure. Emkay views minor tax adjustments positively. Capital market impact is minimal. Emkay maintains caution on market valuations, preferring FMCG, IT, and Durables.

Despite FII sell-offs post-Budget, Motilal Oswal predicts positive net FII flows to Indian equities. Factors include strong economic fundamentals, healthy corporate balance sheets, and a broad-based market rally.

One of the major announcements in the Union Budget 2024-25 was the simplification of LTCG across asset classes. Notably, the indexation benefit for capital gains on property sales has been eliminated.

Indian stock market corrects due to profit booking and high valuation concerns. Motilal Oswal Private Wealth advises balanced approach with staggered equity investments, duration-biased fixed income portfolios, and strategic gold holdings for navigating market volatility.

Kunal Ambasta, Co- founder and Chief Investment Officer at Liquide, has rated the Budget 2024 ‘an 8 out of 10’. In an interview, Ambasta stated that contrary to expectations of it being a populist one, the Modi government has remained steadfast in its vision of shaping a ’Viksit Bharat’ by 2047.

Indian government’s focus on job creation in the Union Budget 2024-2025 includes new schemes, increased funds for skill development, and a plan to create 4.1 crore jobs over the next five years.

Derivative trading in India has gained significant momentum post COVID-19 pandemic, attracting retail investors who view it as a quick way to earn returns on their capital. This surge has propelled Indian equity derivatives volumes to the highest in the world.

India’s shrimp industry is poised for growth with government support and industry efforts. Budget 2024 proposes financial aid for shrimp farming and marketing, leading to stock surge and positive market response.