Winner Sectors of Budget 2021: After the budget, there is a strong boom in the stock market. The Sensex closed 2314 points stronger on Budget Day. At the same time on February 2, it went beyond 49800 with a strong increase of 1200 points. The Nifty has also strengthened by about 1000 points in 2 days. Experts and brokerage houses have described the budget in favor of the market. He says that no extra tax like covid tax has been imposed on investors. There is no change in capital gains tax or STT. With all Infra, Rural, Cement, Real Estate, Healthcare, Banking, Insurance, NBFCs, Agriculture Positive announcements have been made for Adi. He says that while all the sectors battling Corona will get the benefit of the budget, the rally in the stock market can continue even further. According to experts, the new support level 14140 for the Nifty is visible. At the same time, if you brake 14500, the speed will increase.
What to say about the expert
Krishna Kumar Karwa, Managing Director, MK Global Financial Services Says that this budget is worth remembering for the next 100 years. There is no change indirect tax, while capital gains and STT have not been touched. There is no COVID tax imposed on investors, which was feared. At the same time, there is a proposal for privatization of 2 public sector banks, which shows that there is a focus on the banking sector. The government has also clarified the situation regarding the FD target in the insurance sector.
Religare Broking’s Chief Operating Officer Gurpreet Sidana Says that this was definitely a growth-oriented budget. The current economy will get a boost from this. It is clear from the budget that the government’s focus is on strengthening the economy. The government has increased spending on social sector, healthcare, and agriculture in addition to infrastructure in the budget. An attempt has been made to suspend the rural sentiment. Asset monetization, to manage stressed assets, is said to be an asset reconstruction setup. No additional tax has been levied nor has LTCG / STT / STCG taxus been changed.
JAMIT Modi, founder and CEO of SAMCO Securities Says that the industry has been given relief from the common man by not making any change in personal and corporate tax. This budget is going to give relief to the economy in difficult times due to Corona epidemic. It has been a budget with capex and infra themes. Cement, heavy industry, insurance, banking sector, real estate will benefit from this budget. Custom duty has been announced to be reduced.
Head of Research, Institution Equities, Aditya Narayan, Edelweiss Securities Says that this budget has been presented at the right time. In the budget, the government has worked on a long term policy, so that the economy can be strengthened. VP Nandakumar, MD and CEO of Mannapuram Finance, says that this budget is growth-oriented in difficult times. In this, there are indications to overcome the problems of banking and financial sector. Apart from banking, the NBFC sector will also be strengthened by this budget.
Ruchit Jain, Senior Analyst, Technical & Derivatives, Angel Broking It is said that after the budget, there has been a great boom in the stock market. The Ein Sensex of the budget closed with a 5 per cent increase, which is the fastest on Budget Day in the last 22 years. There has been a lot of improvement in the market before the budget. In such a situation, the boom may continue even after the budget. A new support level for the Nifty at the level of 14140 to 14000 has now been created.