Union Finance Minister Nirmala Sitharaman laid emphasis on fiscal responsibility, thus giving boost to the debt market, maintained her stance on infra development, inclusive development, green ecosystem and research & innovation.
“While we did not expect any major announcements in this budget, the lower fiscal deficit coupled with higher capex outlay will aid continued momentum of India growth story. Both of these moves are enablers for a pickup in the private capex cycle,” says Ashish Gupta, CIO, Axis Mutual Fund
Foreign institutional investors (FIIs) bought shares worth Rs 1,602.16 crore, while domestic institutional investors (DIIs) sold Rs 1,959.04 crore worth of stocks on January 2, provisional data from the NSE showed.