DSIJ Mindshare

The government's focus on energy security encompasses a diverse range of strategies, from promoting renewables to developing advanced nuclear technologies.

However, except for Kotak Bank and Federal Bank, all banking stocks plunged into the red on July 23, following the 2024 Budget's lack of major sector reforms. Shares of Axis Bank, ICICI Bank, HDFC Bank, SBI, Bank of Baroda, and IndusInd Bank fell by up to 1 per cent.

The Government of India’s focus on higher allocations for rural development, agriculture, and allied services, along with schemes for employment and skilling of youth, is expected to boost both rural and urban consumption for consumer products.

Real estates stocks hits downs as proposed to eliminate the indexation benefit. 

With the recent budget developments, the IT sector is expected to reach new heights, given the anticipated positive impacts.