Live Market Updates: Nifty, Sensex Set To Rise Higher Ahead Of Budget 2023
Stock Indices are set to open higher today ahead of the Union budget, as investors look for major triggers for the near-term trajectory of the market.
NSE stock futures listed on the Singapore exchange were up 0.59% at 17,857.50 as of 07:42 a.m. IST.
The budget will be presented at 1100 am, in which the government will likely seek to lower its fiscal deficit while offering incentives for investment.
This is the last full-year budget before the national elections in 2024 and key state elections later this year.
Infrastructure spending, measures to aid long-term growth, the government’s fiscal consolidation path and the borrowing calendar for fiscal 2024 are seen as key triggers for the market.
India has pegged its economic growth at 6-6.8% in the 2023/24 fiscal year, the slowest in three years, at its pre-budget economic survey on Tuesday.