The stock market, known for its historical pattern of experiencing significant fluctuations but generally showing flat movement around the time of the Budget, may offer substantial returns in the weeks following the Budget announcement. Most of these gains are expected to come from established investment themes, particularly those related to infrastructure, capital expenditure, and manufacturing sectors. These sectors are often collectively referred to as "Modi stocks."
When Finance Minister Nirmala Sitharaman delivers her 7th Budget on July 23, investors anticipate a continuation of the familiar focus on capital expenditure. Additionally, there might be some populist measures included to appeal to a broader audience.
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