Which stocks will be affected by the Budget?

Synopsis

• Stocks in Focus: Hero MotoCorp, Bajaj Auto, TVS Motor, Maruti Suzuki, Ashok Leyland, Tata Motors, Escorts, Mahindra and Mahindra, CEAT, Apollo Tyres, Amara Raja Batteries, Exide, VST Tillers and Tractors.
• Stocks in Focus: Polycab India, Sheela Foam, Amber Enterprises and Dixon Technologies.

How does Budget 2020 affect the stock market?

NEW DELHI : Investor wealth plummeted by ₹3.46 trillion on Saturday as equity markets came crashing after the Union Budget for 2020-21 failed to live up to expectations. The massive sell-off in equity market wiped out investor wealth, which fell by ₹3,46,256.76 crore to ₹1,53,04,724.97 crore on the BSE.

How does Budget affect the stock market in India?

The Budget impacts the economy, the interest rate and the stock markets. The extent of the deficit and the means of financing it influence the money supply and the interest rate in the economy. High interest rates mean higher cost of capital for the industry, lower profits and hence lower stock prices.

Which stocks will rise after Budget?

CESC89.151.19\% Britannia3553.75-0.69\% VST Industries3182.500.44\%

Which shares will be affected by budget 2021?

Analysts at IIFL Securities picked ICICI Bank, ITC, L, Dabur, SBI Life, ICICI Lombard, HPCL, Deepak Nitrite, Quess Corp, JK Lakshmi Cement, Sudarshan Chemical and HG Infra Engg as the biggest beneficiaries of this Budget.

Which sectors are affected by Budget 2021?

The Union Budget 2021 has several proposals for different sectors with a focus on healthcare, infrastructure, financial capital and manufacturing.

• Healthcare.
• BFSI.
• Automobile.
• Startups and MSMEs.
• Manufacturing.
• Conclusion.

How does the 2021 budget affect the stock market?

Union Budget Effect on Share Market 2021, Share Market on Budget 2021 HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended 5 per cent higher Monday. Sensex surged 2,315 points or 5 per cent to 48,600.61, while Nifty 50 ended at 14,281, up 646 points or 4.74 per cent.

How does budgeting affect the economy?

Federal spending, who gets taxed at what levels, and the borrowing the government does to make up the difference between spending and taxes, all impact the growth of the economy. This process creates a drag on the economy that can lead to lower wages and living standards.

Which share is best before budget?

Telecom

• TCS | Buy | Target: Rs 4,000.
• Jubilant Food | Buy | Target: Rs 4,550.
• Money-making Ideas.
• Sobha | Buy | Target: Rs 945.
• Metropolis Healthcare | Buy | Target: Rs 3,630.
• TCS| Buy| Target: Rs 4,200.
• Zee Entertainment| Buy| Target: Rs 420.
• Tech Mahindra| Buy| Target: Rs 1,700.

What should I buy before Budget 2021?

Stocks to Buy Before Budget: TCS, Infosys, HCL Technologies and Tech Mahindra. Apart from these, the Indian Railways Catering and Tourism Corporation (IRCTC) is expected to draw huge favours in this year’s Union Budget.

Which stocks are going to rise in 2021?

What happened to the Indian stock market in February?

All throughout February, the budget concerns managed to shake up the Indian stock market, and it was more-or-less much volatile. However, a bit of consolidation was seen by the time the end of February rolled in.

What are the tax implications of budget 2020 for NRIs?

Budget 2020 has proposed to exempt Non-resident Indians (NRIs) from filing the income tax return in certain conditions. Also, the Budget Budget has proposed to modify residency provisions to prevent tax abuse.

What do you think about India’s fiscal target for next year?

Fiscal target for next year will be challenging to achieve and given the fact that the growth trajectory for India’s economy DDT has been abolished at a company level. That has a far reaching effect. For a minority shareholder, it is a very good move… The easing of concerns of sovereign wealth funds is very positive.

Which companies should investors look at to invest in India?

“Investors can look at Coromandel International, Godrej Agrovet, Rallis India, L, KEC international, Tata Power, PGCIL,” Ajit Mishra, VP – Research, Religare Broking Ltd said. Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget?