The capital goods sector has declined for six of the last seven months due to high valuations. The 2025 Union Budget shifts focus from capex-led growth to boosting consumption via tax cuts, benefiting sectors like FMCG, consumer durables, automobiles, real estate, retail financing, and banking.
Sensex, Nifty rally over 1% as IT stocks drive broad-based market gains
Indian stock gauges rose over one percent on Wednesday. Overseas fund flows are expected to shift into local technology companies. The Nifty and Sensex closed