Budget Market Pundits Interviews News

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.

Budget 2024: Gurmeet Singh Chawla, Director, Master Capital Services expects the upcoming Union Budget to expand the PLI scheme. The market expert suggests traders focus on staggered investment and reduce portfolio risk.

Budget 2024: Alok Agarwal, Head - Quant & Fund Manager at Alchemy Capital Management expects that the government will raise capex target by 20-25 per cent from FY24 and suggests traders to focus on fundamentals.

Expert view: Atul Parekh highlights that approach to managing fiscal deficit crucial in Union Budget 2024. Maintaining current level favourable for the market, while an increase could impact market sentiment negatively. Fiscal deficit strategy will shape market reactions and economic outlook.

Budget 2024: Subhash Chand Aggarwal, Chairman & Managing Director of domestic brokerage SMC Global Securities says that markets expect the upcoming budget to be ‘well-balanced’ and to focus on capex allocation such as PLI schemes.

Budget 2024: Vinod Nair, Head of Research, Geojit Financial Services said that outcome of interim budget is muted, should not pose a concern for the market, which is eagerly anticipating the final budget set for July. The environment is suitable to expect the pre-election rally to continue.

Trupti Agrawal of WhiteOak Capital shares her views on the expectations from interim Budget 2024, India’s macro-economic environment, sectors that are likely to get a boost this year, and the need to overlook short-term market movement.

Budget 2024: Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group said that since it is an interim budget, there isn’t a very huge expectations of long term market impact. Interim Budget will be of significance as it reiterates the focus areas of the government on returning to power

Budget 2024 Expectations: Nair said that expectations from the Interim Budget 2024 are limited to broad key parameters such as fiscal deficit targets and announcements may not have a profound effect on market movement.

Budget 2024: Experts observe that Interim Budget 2024 could not be a major event for the stock markets as the full-fledged Budget will be presented after the government formation. D-Street analysts say that trading opportunities will be limited.