InvestorQ : What can be the impact of budget 2019-20 on overall market?
Abigail Ghoshal made post

What can be the impact of budget 2019-20 on overall market?

Answer
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2 years ago
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The interim budget 2019 mainly focusing on growth and consumption. It was proposed to cut personal income tax rates, real estate and infrastructure sector were given a real boost. If we take into consideration Full Budget 2019, let us look at the potential impact of the full budget on the Sensex, and overall economy in general.

How the budget is going to affect the Nifty? There has been a persistent level of 12000 points of Nifty, which needs to be breached decisively. Currently, the situation of global headwinds is strong.

Backdrop:
The major backdrop is the timing, the economy is full of domestic and economic challenges. Global oil prices are fluctuating between $60/bbl and 70/bbl, the trade deficit has already crossed $15billion in May. Exports are getting slower with time, and Indian debt funds are facing the biggest fund crisis. Something that can boost economic consumption is what the market actually seeks.
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