Budget 2023 analysis: Unrealistic targets? 6 reasons why Sitharaman’s Budget may be too optimistic
Amid concerns of growth slowdown, the fiscal strategy of the Union Budget remains conservative. It hopes for a revival in consumption demand, and an eventual pick-up in private investments aided by a continued step-up in government capex, thereby translating into a sustained growth cycle. We think this hypothesis may be optimistic. 1)A lot of intent…
READ MORE
nifty outlook: Can Nifty bounce back after Budget? What 15-year historical data says
Equity benchmarks have been volatile a day after the Budget with both the indices opening in red on Thursday. However, Sensex and Nifty recouped most of their losses amid positive global cues. Sensex was up 162 points at 59,859, while Nifty was trading marginally lower at 17,625. Finance Minister Nirmala Sitharaman on Wednesday presented the…
READ MORE
US Fed Rate Hike: US Fed hike: What does it mean for Dalal Street investors?
By delivering a smaller rate hike, as expected, and sounding slightly dovish, the US Federal Reserve gave Dalal Street investors another reason to smile. The Fed raised interest rates by 25 basis points late Wednesday and indicated that there are signs of disinflation in the economy. However, the central bank said that it has not…
READ MORE
britannia share price: Britannia shares rise over 5% on Q3 results. Should you buy, sell or hold?
Shares of rallied over 5% to Rs 4,597 in Thursday’s trade on BSE after the company reported a consolidated net profit of Rs 932 crore for the December quarter, up 152% YoY. It was Rs 371 crore in the December quarter of last year. The company’s consolidated sales for the third quarter grew 16% year-on-year…
READ MORE
idfc first bank share price: IDFC First Bank jumps over 5% after clarification on exposure to Adani group companies
Shares of jumped over 5% after the lender issued a clarification regarding exposure to Adani Group companies. IDFC First Bank said the funded outstanding to Adani Group companies is only 0.06% of the funded assets as of December 2022. The bank has been receiving payments as per the quarterly amortization payment schedule for the same….
READ MORE
Going long on infra can cement winning portfolio
The budget initiatives toward capital expenditure to boost urban infrastructure, housing, and transport sectors are expected to give a fillip to capital goods, industrials, metals, and cement stocks. Analysts anticipate infrastructure-led companies to see the benefits of the budget proposals in the second half of the next financial year and drive the re-rating of these…
READ MORE
Debenture returns to be treated as short-term gains
Market-linked debentures (MLDs), a popular product among rich investors, are set to lose their popularity. The budget has proposed a higher tax on these structured products that will lead to a loss of advantage over other debt instruments. Short-term capital gains tax on debt instruments for individuals in the highest tax bracket is 30%. “Income…
READ MORE
Budget 2023: Budget will help India remain in fastest-growing economies’ club: S Naren
FY24 budget has largely been in line with expectation of the government trying to strike a balance between fiscal priorities, minimal populistic measures and capex push. Thus far, the steps taken by the government continue to support growth momentum and focus on bringing down the fiscal deficit. At the same time, giving support to the…
READ MORE
growth: Calibrated steps avoid populism, prioritise growth: Anand Radhakrishnan
Furthering the efforts to boost the economic resilience considering the global growth moderation, the Union budget FY24 attempts at calibrated steps in the right direction. Focus on infrastructure boost and capital spending, along with fiscal prudence is a big positive. The budget rightly avoids populist measures in the pre-election year and prioritises long-term growth. Fiscal…
READ MORE
tax rates: New tax regime, lower borrowing to boost markets: Sanjeev Prasad
We expect the budget to impact the economy and markets positively in three ways-(1) lower income tax rates for corresponding income slabs in the new regime are positives for consumption, and unchanged tax on equities is a positive for equity markets, given concerns about changes to the holding period and/or long-term capital gains tax rate…
READ MORE