This Budget is likely to focus on capex, manufacturing push and macro stability. The announcements of the Union Budget have direct implications on the stock market as the government s policies and financial plans decide the upcoming trends in different sectors.
On redemption of shares and equity-oriented mutual funds, long term capital gains tax is levied at 10 percent when they are sold after holding for over 12 months, and total gains amount to over ₹one lakh in a year.
Budget 2024 Expectations: Over the past few years, government s focus on increasing capex to improve the country s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho
Debt funds offer great return possibilities at this point. This would be a wonderful window of opportunity for those who want better-than-average returns from fixed income investments.
Budget 2024 Expectations: Over the past few years, government s focus on increasing capex to improve the country s infra has helped capital goods and several PSU stocks rally. For instance, Nifty CPSE index has gained over 80 percent in the past one year. This has generated massive investor wealth and the markets want this to continue gung-ho