CA Rudra Murthy Explains Why The Upcoming Budget Will Be Positive For The Stock Market

How should you approach the market ahead of the budget? Will this year's budget bring good news for the market and investors? CA Rudra Murthy believes that the current rally has the potential to continue. He anticipates that the fiscal deficit will fall below 5% in the upcoming budget. Additionally, global markets are looking forward to potential interest rate cuts and positive developments in the defence and pharma sectors. CA Rudra Murthy highlights several positive macro indicators for the market, including strong GST collections, rising forex reserves, increasing income tax collections, and an expanding tax base. He suggests that the market still offers good opportunities for profit if you choose the right sectors and stocks. Focus on selecting high-quality companies with fair valuations.