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Over last 10 years in post-Budget month, bull & bear have shared the honours on Nifty
The Nifty50 touched a record high of 15,257.10 on February 9, gaining 10.8 percent since Budget Day. Sunil Shankar Matkar February 11, 2021 / 10:18 AM IST
Indian shares had their best Budget Day in 22 years, as the Sensex rallied 2,300 points, or 5 percent, to 48,600.61 and Nifty gained 646.60 points, or 4.74 percent, at 14,281.20 on February 1, with the market hailing the Budget as growth-oriented.
The Budget was being closely watched to show the way forward to an economy hit hard by the coronavirus pandemic, as the government took the expansionist path to bring growth back on track.
DAILY VOICE | Over 50% Nifty earnings growth from FY21-FY23 looks achievable post Budget: Hemant Kanawala of Kotak Life
Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, said the Senior EVP & Head at Kotak Life Sunil Shankar Matkar February 07, 2021 / 07:39 AM IST
Hemant Kanawala, Senior EVP & Head - Equity at Kotak Mahindra Life Insurance Company feels by discarding fiscal conservatism at a time when the economy needs public capex support, the government has done well to provide wings to growth. Budget has a clear emphasis on Atmanirbhar Bharat policy and revival of domestic growth. Banking, capital goods & engineering, cement and automobiles are some of the sectors that will benefit from the revival in the domestic economy, he said in an interview to Moneycontrol s Sunil Shankar Matkar.