Jefferies expects limited surprises in the FY27 Union Budget, with the government sticking to fiscal consolidation while focusing on defence-led capex and targeted consumption support. The FY27 fiscal deficit is seen around 4.2% of GDP, though a higher 4.4% could signal a growth push, supporting equities but pressuring bond yields.
US Stock Market Today | Dow Jones | Nasdaq Live: S&P 500, Nasdaq futures edge up as investors weigh Iran war developments
Dow Jones Today | Nasdaq | S&P 500 | US Stock Market Live Updates: At 7:13 a.m. ET, Dow E-minis were down 62 points, or