The Union Budget tends to cause volatility in equity markets. Over the past 5-6 years, caution and apprehension have prevailed among investors in the week leading up to the budget presentation. The Sensex has experienced negative and flat returns during this period. However, the performance post the budget announcement has generally been better. In election-bound years like 2024, the budget is likely to focus on fiscal roadmap, capital investment-led expansion, rural growth, and populist measures. Experts believe that this year’s budget will be a non-event with no major policy changes expected.
Foreigners pull out money from govt. bonds after 2 months of buys
Foreign investors have sold Indian government bonds since August. Global yields have risen significantly, impacting investment decisions. Bloomberg’s decision to defer local debt inclusion also