"In line with the usual approach during an election year, we don t foresee major announcements in this budget. As the name implies, it s an interim budget, designed to bridge the gap until the new government takes charge. The more comprehensive policy and expenditure decisions are expected to be part of the full budget for the financial year 2024-25, which will be presented after the new government takes charge post the general elections."
"Small & midcaps had a tremendous run in the last 2-3 years and have significantly outperformed the largecaps over the same period which has stretched the valuations of the small and midcap space. However, within the space, there are still quite a few companies that are likely to not only deliver better earnings than largecap companies but are also available at decent valuations."
"Solid domestic consumption, an upswing in corporate capex and increased attractiveness among foreign investors mean that Indian stock indices will continue to do well in 2024. However, investors should be mindful of the risks as well. A prolonged recession in the developed world like the US and Eurozone could have negative consequences for Indias export-oriented sectors like IT, healthcare etc."
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