Union Budget 2022: Experts believe that on the day of Union Budget 2022 i.e. February 1, the Sensex can reach 60,000, Nifty 18,000 and Bank Nifty 38,500.
Union Budget 2022: Before the Union Budget 2022, there is a strong sell-off in the BSE Sensex and Nifty 50, due to which the stock market is continuously diving. So far this week, the BSE Sensex has fallen more than 4 per cent to 56,628.36, while the NSE Nifty 50 index is down 3.7 per cent to trade at 16,921 level. IIFL Securities director Sanjeev Bhasin believes that on the day of Union Budget 2022 i.e. February 1, the Sensex can reach 60,000, Nifty 18,000 and Bank Nifty 38,500. Before the budget, Bhasin is bullish on Axis Bank, HCL Tech, Eicher Motors and many other stocks. Bhasin expects a post-budget rally in the Indian stock markets. Here we have told the conversation with Bhasin in the form of question and answer.
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- Question – How to trade Nifty, Bank Nifty before Budget 2022?
answer Banks may consider buying Nifty shares as it has outperformed Nifty 50 by more than 2%. Investors should buy both Nifty Bees and Bank Bees as they are exchange traded ETFs that allow you to buy indices and are listed on NSE.
- Question- What is the expected performance of Sensex, Nifty and Bank Nifty on the day of Budget?
answer – BSE Sensex can reach at 60,000, Bank Nifty at 38,500 and Nifty 50 index at 18,000 level. There is a possibility of volatility in the Indian stock markets during this period.
- Question – Which are the stocks to buy, sell or hold before Budget 2022?
answerInvestors can bet on Axis Bank, HCL Technologies, Cummins India, Bharat Electronics Limited (BEL), GMR Infrastructure and Eicher Motors.
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- Question – Which stocks and sectors will be in focus on the day of Union Budget 2022?
answer – Infrastructure, banks, new entrants related to PLI like auto, engineering and construction stocks are likely to be in focus on the day of Union Budget 2022.
- Question – Which major budget announcements can surprise the market this year?
answer Some relief can be announced in LTCG (Long Term Capital Gains Tax). Capital expenditure on infrastructure can be increased with losses. The government can emphasize on jobs, industries, PLI and healthcare.
(Article: Surbhi Jain)
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