For the upcoming Budget, analysts said the market would prefer fiscal prudence, though some populist measures in the wake of upcoming Lok Sabha elections cannot be ruled out.
For the upcoming Budget, analysts said the market would prefer fiscal prudence, though some populist measures in the wake of upcoming Lok Sabha elections cannot be ruled out.
The most significant gains before the budget were observed in 2021, with the Sensex and the Nifty having advanced about 21 percent as the economy emerged from the Covid aftermath.
Analysts foresee further rise in Indian markets in the first half of 2024 on the back of likely rate cuts by global central banks as well as the RBI. Another surge is expected ahead of the general elections
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