Daily Stock Market News

Sensex Up Over 800 Pts, Nifty Near 17,550 After Cheers Budget Announcements


Union Budget 2022 | Correction in economic policy important, consumption suffering, says Ajay Srivastava

Ajay Srivastava, CEO of Dimensions Corp Financial Services, said it is important to have a correction in economic policy because consumption is suffering in a bad way. “I think it is an important Budget to the extent that is there a policy pivot given the elections are around the corner. I think that’s an important point that will the pivot happen from capex to corporate-driven growth rate to say ‘let us cut the tax on petrol prices, and other petroleum products, and give the money to the people across the board… let them spend the money, which will convince companies to come and invest,” he said. 

“For investors, I don’t think so you are going to be surprised by any great thing happening by the March quarter. So if you want to invest, you have abundant time to invest in the market. In our view, there is no hurry, because for the next 90 days or so, you have time to figure out which companies are doing better or worse, and then invest. It can run away with Federal Reserve but fundamentally, I think you are in a zone where you have the time on your side. It is not with the companies,” he added. 



Read More: Sensex Up Over 800 Pts, Nifty Near 17,550 After Cheers Budget Announcements

You might also like