Budget 2024: What are the Key Expectations of Stock market?

Examining the updated interim budget from the previous year, we can see that the growth was almost 15%. The government received a dividend of Rs 2.1 lakh crore from the RBI. It might be applied to rural development or capital expenditures. Support charges have already increased. Numerous industries stand to gain from government support of the rural economy. There are indications of a rebound in the rural economy. Farmers’ income will rise if the support price is raised. The agrochemical and fertilizer industries will also grow. Companies in connected sectors will see positive growth when government spending increases.
What are the potential areas?

Currently, the sectors that receive direct or policy support from the government are doing well. And it will keep going. A rise in capital expenditure will assist capital goods, like defense, and Railway. They will keep up their excellent work. The Manufacturing Sector’s Electronics PLI Scheme and the Renewable Energy Policy will bolster their respective industries. The construction industry will dominate the next three to four years. For that, policies are developed. It can boost the stock market and generate jobs. The retail, consumer, and agrochemical sectors will all do well.

Will the public sector continue to boom?

Currently, a lot of public sector stocks are doing well. A few are too costly. Growth equities in the public sector will keep providing strong returns. HAL, Bharath Dynamics Limited, Cochin Shipyard, BEML, Garden Reach Shipbuilders & Engineers, etc. are few to mention. Nevertheless, not every PSU business is successful.

A popular budget aimed at growth

The budget will show great promise. In the coming four months, several states will hold elections. Given the current political climate, which makes it difficult for the BJP to win over support, the NDA may include a number of budgetary measures that help the common man in order set up government. Income tax policy can also undergo a substantial alteration. Prices for petrol and diesel may be lowered and subject to the GST. The US and Europe are both experiencing a little slowdown. However, the market is going up everywhere. Big international corporations are doing fairly well. Expect a favorable and popular budget with growth. A budget that focuses on growth and popularity can have its positives and negatives. If popular measures affecting the economy prevail, it will affect market movements. But overall growth-oriented budget can be expected. Popularity will not be detrimental to growth.

Tips for Savvy Investors: Navigate the Market with Confidence

Invest for the long term. Do not expect a high return within a couple of months’ time. Invest for your future. There are great opportunities in good stocks. Choose and buy quality ones. Move with India’s Promising Growth Trajectory.(For education purpose only)