PSU banks are expected to benefit from the interim budget 2024 as the fiscal deficit is expected to decrease. Increase in fund allocation to infrastructure sector to fuel corporate credit demand
For a large number of investors, volatility is something which is determined by what happened to the nifty by the end of the day and they associate it with decline in indices. But there is more to it, on Tuesday, because there was a decline, it might appear to be volatile. But the fact is on wednesday because Nifty and Sensex recovered and gained back the losses, these two days together make it a volatile market. The reason to bring this upfront is that when valuations are high and the market turns volatile, the cut on the individual stock prices can be much higher. So, if one is increasing the exposure to stock, it might be better to stick to large cap stocks as stronger balance sheets tend to weather the storm better and then perform when the market gets into bullish mode.