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Stock Indices opened higher today ahead of the Union budget, as investors looked 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.
