Stock Markets With Anil Singhvi: Aditya Birla Sun Life AMC expert predicts these sectoral stocks for massive gains
Stock Markets With Anil Singhvi: After the Union Budget presentation, Zee Business Managing Editor Anil Singhvi has been busy revealing the sectoral stocks that will give massive returns to investors.
Stock Markets With Anil Singhvi: After the Union Budget presentation, Zee Business Managing Editor Anil Singhvi has been busy revealing the sectoral stocks that will give massive returns to investors. The Market Guru talked to A Balasubramanian of Aditya Birla Sun Life AMC and the expert said that banking & finance, auto and capital goods sectors' stocks will be major beneficiaries of the budget proposals announced on February 1, 2021 by Finance Minister Nirmala Sitharaman.
On the union budget impact on stock markets, A Balasubramanian, MD & CEO at Aditya Birla Sun Life AMC told Anil Singhvi, "It was a growth-oriented budget that can be dubbed as an inclusive one. Its main focus area was on the jobs and income creations. If you take my opinion, banking & finance, auto and capital goods sector stocks will move faster than other sectors."
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On how this budget is a growth-oriented budget, Balasubramanian said, "The Government of India has put Fiscal Deficit at 6.8 per cent of the GDP while the market expectation was around one per cent lower from it. This practical fiscal deficit number is an indication that the GoI is not shy of investments required for capital formation. It is going to help the ancillary industries I mentioned above and hence small enterprises will also get benefit of this inclusive budget."
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#ZBizExclusive | आदित्य बिड़ला सन लाइफ के MD & CEO, ए बालासुब्रमण्यन ने बैंकिंग-फाइनेंशियल, ऑटो और कैपिटल गुड्स सेक्टर पर फोकस करने की दी सलाह
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Speaking on how this ancillary sector boost will get reflected on the stock markets, Anil Singhvi said, "One needs to keep an eye on the cyclical stocks in the banking & finance, auto and capital goods sectors as theyare expected to benefit from Budget 2021 provisions."
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