PTI, New Delhi :
Stock market sentiment in the days to come would be driven by the country’s first biggest economic event of the year, Union Budget due on February 1, say experts.
“This time market is approaching the Union Budget with very high expectations as this is the first budget after demonetisation. The market perceives the budget as an opportunity to fix the derailment caused to the growth trajectory,” India Nivesh said in a report.
“The upcoming budget will be a key event from an equity market perspective. We believe the expected measures to reduce tax liability for individuals may provide a much-needed boost to the consumer-related sector,” Motilal Oswal Securities said in a report.
On the earnings front, Bajaj Auto, ICICI Bank, ONGC and HDFC will announce their quarterly numbers this week.
“Going ahead, budget will be main focus area. Quarterly results have reflected muted impact of demonetisation till date. It will be of interest to see how the remaining companies fare on this front. Markets will closely track the US dollar to gauge the flows into emerging markets,” said Dipen Shah, Sr VP – PCG Research, Kotak Securities.
Stock market sentiment in the days to come would be driven by the country’s first biggest economic event of the year, Union Budget due on February 1, say experts.
“This time market is approaching the Union Budget with very high expectations as this is the first budget after demonetisation. The market perceives the budget as an opportunity to fix the derailment caused to the growth trajectory,” India Nivesh said in a report.
“The upcoming budget will be a key event from an equity market perspective. We believe the expected measures to reduce tax liability for individuals may provide a much-needed boost to the consumer-related sector,” Motilal Oswal Securities said in a report.
On the earnings front, Bajaj Auto, ICICI Bank, ONGC and HDFC will announce their quarterly numbers this week.
“Going ahead, budget will be main focus area. Quarterly results have reflected muted impact of demonetisation till date. It will be of interest to see how the remaining companies fare on this front. Markets will closely track the US dollar to gauge the flows into emerging markets,” said Dipen Shah, Sr VP – PCG Research, Kotak Securities.
