Which sector stocks can be bought after the budget..!?

Union Finance minister Nirmala Sitharaman is all set to present the full-length budget for the financial year 2024-25 on the 23rd. In this article, we can know in detail how the indian stock markets will perform following the budget. India's equity benchmark indices Sensex and Nifty rose 5 percent last month. Meanwhile, as the budget is about to be presented, investors are waiting to see what impact it will have on the equity market. Over the last 10 years, the Nifty has lost 0.3 percent in the week before the Budget and 0.5 percent in the week after the Budget. But on average, the Nifty rose 5.7 percent in the one month following the budget presentation. So usually after the budget industry sector, the energy sector, materials sector, and infrastructure sector will see a significant boom.
Experts say that the sectors related to the energy sector and industry, and the products that people can buy and use directly, will see growth. Therefore, investors should pay attention to these sector-specific stocks. What do experts predict ahead of the Budget? It is said that there is a possibility of the government releasing some policies related to people's welfare, while there are also reports that some changes in the income tax rates may be brought. It seems that the government will release various infrastructure-related announcements. Due to this, it is said that there is a possibility of seeing a boom in the stock market. In this situation, brokerage firms including Sharelan and Axis Securities have recommended buying certain stocks. Hindustan Unilever, ITC, Dabur India, Emami, hero Moto Corp, Bajaj Auto, M&M, Tata Motors, Ultratech, L&T, NTPC, Coal India, Tata Power, supreme industries, HAL, Bharat Forge, SBI, ICICI bank, Axis bank and Bharat Electronics Limited have suggested that they can buy the shares of the company.
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budget 2024

Sowmiya Sriram

17/07/2024 12:50 PM