The budget for FY26 aims to drive sustainable economic growth to 7% by addressing key concerns like inflation-impacted consumption demand and tentative private capex. Proposed income tax cuts increase middle-class disposable income, boosting demand in sectors like automobiles and real estate. Fiscal prudence continues, potentially allowing RBI rate cuts, enhancing macroeconomic stability.
Mid and smallcap earnings to outshine Nifty 50 despite valuation concerns: Manish Sonthalia
Manish Sonthalia of Emkay Investment Managers suggests buying on dips in the current market, supported by earnings, macros, and global flows. He favors public sector