ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » Markets News

Budget 2019: Market analysts expect Dalal street to be in 'wait and watch' mode

The Union Budget 2019-20 on July 5th will play a crucial role for the equity markets in the coming months. According to a PTI report, investors are likely to be in a 'wait and watch' mode ahead of the mega event, said analysts. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Budget 2019: Market analysts expect Dalal street to be in 'wait and watch' mode
The Union Budget 2019-20 on July 5th will play a crucial role for the equity markets in the coming months. According to a PTI report, investors are likely to be in a 'wait and watch' mode ahead of the mega event, said analysts. PTI

The Union Budget 2019-20 on July 5th will play a crucial role for the equity markets in the coming months. According to a PTI report, investors are likely to be in a 'wait and watch' mode ahead of the mega event, said analysts. However, markets may see some upmove following the trade truce announced by the US and China at the G-20 summit over the weekend, they added. Besides, progress of monsoon, rupee and crude oil movement will also be tracked by participants. Over the last week, the 30-share BSE Sensex rose 200.15 points or 0.51 per cent to close at 39,394.64.

1. Jimeet Modi, Founder and CEO, SAMCO Securities and StockNote said, "The election outcome is more of an emotional event while the Budget has more rational reactions in the market. The lackluster vibe before the Budget can be the calm before the storm and markets are expected to remain muted and sideways but there is likelihood of downward pressure.''

2. Modi also said that the auto sector is at the tipping point. Depending on how the Government provides support, these stocks will either revive or fall off the cliff.

3. Mustafa Nadeem, CEO, Epic Research, said, "We have a very important event, Budget, that is about to shape the future trend of equity markets. There will be possibly an increase in volatility and may further hurt any directional trader for the very short term. Since the importance of the event is high and is able to produce large trend, we believe it is better to be on the sideline and see the outcome." 

4. Amar Ambani, President and Research Head, Yes Securities, said the Budget will be watched for cues on the government's fiscal road map. "We expect the government to persist with reasonable levels of deficit on the fiscal front, as indicated in their earlier Budget. The FM's reassurance on sticking with the path of fiscal prudence in the years ahead will be equally important. The next on the agenda would be the much-needed boost to economic growth," he said.

5. According to Vinod Nair, Head - Research, Geojit Financial Services Ltd, "auto and metal sectors are likely to be subdued due to low demand and benign raw material prices. Government seems to have hectic task ahead- to support growth and maintain fiscal prudence which will be closely watched by the market." 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
MarketsUnion Budget 2019Budget 2019
Written By: ZeeBiz WebTeam
Updated: Sun, Jun 30, 2019
05:23 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Stocks to Buy: Sandeep Jain recommends Tarsons Products for gains; lists fundamentals, top triggers Stocks to Buy: Sandeep Jain recommends Tarsons Products for gains; lists fundamentals, top triggers
Sebi permits FPIs to participate in exchange-traded commodity derivatives market Sebi permits FPIs to participate in exchange-traded commodity derivatives market
Zee Business questions Zomato’s move to leave out retail investors from its investor call; Managing Editor Anil Singhvi call out bias, demands this Zee Business questions Zomato’s move to leave out retail investors from its investor call; Managing Editor Anil Singhvi call out bias, demands this
What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
Exclusive: SEBI, exchanges in discussion over bringing back trade execution range; know what is triggering the move Exclusive: SEBI, exchanges in discussion over bringing back trade execution range; know what is triggering the move

LATEST NEWS

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Global factors, crude oil movement, macro data key factors to drive markets next week - analysts believe volatility may continue

This Android malware switches off Wi-Fi and drain mobile wallet

Tracxn in wait-and-watch mode over timing of proposed public offer amid choppy market

HDFC Bank receives go-ahead from exchanges for amalgamation scheme with HDFC – know details

Maruti Suzuki looks to deploy strong hybrid tech across model range

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Electricity distribution companies' outstanding dues to power producers rise 4% to Rs 1.32 lakh cr in June - know details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV