Budget And Beyond - Key Takeaways And Sector-Wise Analysis: Axis Securities  
A member of security staff use a sniffer dog to inspect sacks of budget papers at Parliament House in New Delhi, India, on Saturday, Feb. 1, 2020. (Photographer: T. Narayan/Bloomberg)

Budget And Beyond - Key Takeaways And Sector-Wise Analysis: Axis Securities  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

The FY22 union budget met most of the market expectations with hardly any negative surprises.

The key expectations were hinged on job creation through infrastructure spending, focus on health care and welfare schemes and maintenance of existing tax structures.

The announced budget met all these expectations and also managed to convince the markets that this will be achieved without a major hardening of bond yields.

Whilst the 10 year G-sec bond yield went by 11 basis points, but considering the broad contours of tax collection and government’s borrowing program, the yields are likely to remain manageable.

Click on the attachment to read the full report:

Axis Securities Budget 2021 Review .pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.