NBFCs and consumer durable companies will benefit the most from the budget. This is to say that Founder of Helios Capital Sameer AroraWhile discussing the budget and market with CNBC-Awaaz, he further said that the current situation was needed. A balanced and better budget was presented by the government. He further said that the expenditure in infra, defense has not decreased. Portfolio will have to make some changes. It is good to avoid money in people’s pockets. Infra, Defense has seen sharp growth. The valuations of share -related shares became expensive. At the same time, the valuation of infra related to infra was also very high. Due to which correction is possible in more running companies. Consumption will increase due to direct money in the hand of the customer. Saving money will increase the flow in the fund. Infra was announced less than expected in the budget.
Expectation of interest cuts increased increased
Talking on the RBI policy, Sameer Arora said that the expectation of cuts in interest rates has increased. RBI may take more steps to increase cash. Interest rates will have a positive impact on three large sectors. Financial, auto, consumer sector helped. If the interest rates are reduced, NBFCs will benefit. The balance sheet of NBFC will be better. Giving direct help to the customer will give boost. Consumer durable companies will also benefit from interest rate cuts.
Sluggish FII sells in India
Will the Indian market have to face FII selling pain? Responding to this question, Sameer Arora said that FII selling increased due to lethargy in India. If there is no decline in the market, everyone will come back. FII selling increased in the market due to market setment. FII has invested big money in IPO.
No investment in OMCs is currently no investment
Talking on oil marketing companies, he said that OMCs are not looking for opportunities at the moment. There is currently no investment in OMCs. He further said that Infra is not currently investment in defense.
Tarifs IMPACT: Create outcry on tariff war, know which sectors of India will benefit, who will be harmed?
(Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advice to users to seek the advice of the Setted Experts before making any investment decisions.