Ahead of Budget: Which sectors will be at forefront in January?
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Potential measures by the government could include increased allocations for defense, railways, and other infrastructure projects, leading to rallies in stocks related to these sectors. While technically realty and banking & financial services are set for outperformance in January ahead of the Budget.
the Union Budget 2024, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2024.
Indian benchmark indices are in a consolidation phase after a prolonged period of record-high rallies. The markets are now shifting their focus to the Union Budget 2024, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2024.
Historically, the benchmark index Sensex has recorded an average return of 1.3 percent in the month of January from 2008 to 2023.
According to Axis Securities’ January technical report, the BSE Metal and IT sectors have consistently outperformed in January, showcasing…
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