FY25 budget announcement is scheduled on July 23rd. One of the key focuses will be on the government’s allocation for excess dividend receipts from the RBI and CPSEs.Global brokerage firm BofA Securities expects $6.6 billion worth of allocations to stimulate state capex, $9.6 billion towards populism to boost consumption and no change to FY25 fiscal deficit target at 5.1%.Going into the budget, the global brokerage firm expects staples & autos and capex facing sectors such as mortgage/power financiers, industrials, cement, hospitals and metals sector to benefit, while they remain cautious on real estate, brokerages and depositories.Here is a list of sector and stocks by BofA Securities that are exposed to the budget theme:
Indian bank stocks show widest exchange price gap in decades
Indian bank stocks saw unusually wide price gaps between the NSE and BSE during Thursday’s closing auction, with IndusInd Bank recording its widest exchange price
August 29, 2026