InvestorQ : What is your view on the market for 01 February? Do you suggest buying any stocks ahead of the Budget?
Tisha Malhotra made post

What is your view on the market for 01 February? Do you suggest buying any stocks ahead of the Budget?

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diksha shah answered.
4 weeks ago
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At the outset, let me tell you this is going to be a tough budget for the government to present because there are diverse pulls and pressures on the government. On the one hand, it has to push spending and invest in infrastructure as well as put more money in the hands of the people. At the same time, fiscal deficit cannot spiral out of control.

As of now it is not clear how the balance will be struck but the broad expectation is that the budget will try to look at innovative sources of funding the higher expenditure. The budget is also likely to make life easier for the middle classes and also ensure that sufficient capital is made available for infrastructure investments.

I suggest not to jump into fresh positions at this point of time. This is going to be a critical budget and a lot will predicate on what the Finance Minister announces and how the ideas are sold across to the stakeholders. Markets have reacted rather violently in the last few days to budget expectations, so it is best you take a fresh view on Tuesday 02 February. 

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