BQ Edge | How Much Is Riding On The Upcoming Union Budget?
People look up at a screen and electronic ticker board outside the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Edge | How Much Is Riding On The Upcoming Union Budget?

How will the first budget of Narendra Modi government’s second term impact India’s stock markets? What measures could Finance Minister Nirmala Sitharaman announce on July 5 that could materially change the outlook for Indian companies?

Nilesh Shah, managing director of Kotak Mutual Fund; Deepak Shenoy, founder and chief executive officer of Capitalmind; and Gautam Shah, technical analyst at JM Financial will answer these questions and more at the Bengaluru edition of BQ Edge, an on-ground initiative of BloombergQuint.

Kotak Mutual Fund’s Shah will focus on what investors and markets can realistically expect from the budget, in light of the balance sheet constraints of the government and the manifesto already put out by the Bharatiya Janata Party before the election verdict. The conversation will aim to distill the noise surrounding the budget event, to make people aware of the key measures which, if taken, can impact sectors and stocks.

Capitalmind’s Shenoy will talk about why investors should believe less and less of things that they hear more about. He believes there is an inherent strength in this behaviour and will back it with data. He will also go on to talk about themes and trends that he would invest in for the long run.

JM Financial’s Shah will focus on what levels the Nifty can go to, based on what the charts are showing. Shah had predicted, just ahead of the elections, that NSE Nifty 50 index would reverse its decline to 11,300 and rise above 12,000 levels, which it did. It would be interesting to know from Shah about when the next leg of the rally would begin. He would also throw light on the key sectors and stocks to watch out for.

Nilesh Shah Offers A Dose Of Reality On The Budget

Deepak Shenoy On Perception, Reality, And Market Outcomes

Gautam Shah On What The Charts Foretell About Global And Indian Markets

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