As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors — capital goods, defence, electronics system design and manufacturing (ESDM) and Tourism.
The market anticipates a continuation of last year’s incentives, maintaining the status quo. A continued focus on infrastructure, including roads, railways, ports, airport expansions, defence, and tourism, is vital.
In the past week, Nifty has recorded a slight gain of 0.3 per cent, driven by strong performances and positive growth forecasts from IT majors TCS, Infosys, and HCL Tech.
According to Krishna Appala from Capitalmind Research, the government plans a Rs 4.75 lakh crore investment to upgrade India’s power transmission, targeting 618 GW capacity by 2028, along with metro expansions in over 40 cities and Rs 1.5 lakh crore in oil and gas.
“The defence budget has increased to Rs 6.2 lakh crore, aiming for 70 per cent self-sufficiency and …