Budget 2024 and Market: 10 Sectors and Top Stocks to Track as Nirmala Sitharaman Makes History; LIC, ICICI Pru, Tata Power, L&T in List

Key stocks to track to capitalize on the Budget theme on stock market: As Dalal Street starts the trading session on a positive note on July 23, the day Finance Minister Nirmala Sitharaman is set to create history by unveiling her seventh Union Budget, market wizard Anil Singhvi has handpicked 10 sectors and a few stocks that are likely to be affected by the Budget announcements. Note down his top picks to capitalize on the Budget theme on Dalal Street.

Key Stocks to Track to Play the Budget Theme of the Stock Market: The national equity benchmarks started the day on a positive note on July 23, with Finance Minister Nirmala Sitharaman all set to create history by unveiling her seventh Union Budget later in the day. From investors to corporates and the common man, all eyes will be on the Finance Minister’s Budget speech scheduled for 11:00 AM in Parliament. Zee Business Editor-in-Chief Anil Singhvi has handpicked 10 sectors and a few stocks that he believes are likely to be hit by the upcoming Budget announcements. Here’s a list of the best sectors and stocks you can track on Dalal Street, curated by a market wizard, to make the most of the Narendra Modi government’s maiden Union Budget 3.0.

Budget likely to provide positive stimulus to life insurers: Market expert Anil Singhvi

Budget likely to provide positive impetus for life insurers: Market expert Anil Singhvi

The market expert believes that the Budget is likely to contain positive incentives for life insurance companies.

His favourites in this category – as far as budget themes are concerned on Dalal Street – are LIC, HDFC Life, ICICI Pru and SBI Life.

Will there be much support for solar energy companies?

Will we see a lot of support for solar energy companies?

A market expert points out that solar energy companies can count on support from the upcoming budget.

In such a case, he believes companies like Borosil Renewable and Tata Power will benefit.

Is it possible to realize profits in the case of fertilizer company shares?

Can we expect profits to be realized on the fertilizer producers' stock exchange?

Market experts do not expect any significant announcements on fertilisers in the budget passed on July 23.

No major announcement in fertilizer industry: Anil Singhvi

No Important Announcement in Fertilizer Industry: Anil Singhvi

In such a case, we can expect to see profits realized on shares of Chambal Fertilisers, Coromandel, RCF and NFL companies, he added.

Focus on rail connectivity, logistics likely in Budget: Anil Singhvi

Focus on rail connectivity and logistics likely in Budget: Anil Singhvi

A market insider believes that the 2024 budget will put emphasis on the areas of rail connectivity and logistics.

In this case, he believes that the shares of three companies would benefit: Concor, Aegis Logistics and TVS Supply Chain.

No Big Announcement for the Metal World: Anil Singhvi

There probably won't be a big announcement in the metal industry: Anil Singhvi

The market expert believes that no big announcements should be expected in the metal sector.

Can we expect more funds for the defense sector?

The market expert believes that, as expected, there will be an increase in capital expenditure allocated to the defense sector.

2 shares that will receive a bonus linked to production?

2 shares will receive an incentive tied to production?

A market expert highlights that Dixon and Amber are likely to benefit from PLI schemes in the Budget.

The Housing for All drive can be used by 3 types of manufacturers

3 types of producers can benefit from the Housing for All program

A market expert expects manufacturers of paints, wires and electrical cables to receive a positive signal from the 2024 budget.

Case for Boost Asian Paints and Berger Paints?

Case for Boost Asian Paints & Berger Paints?

A market expert believes that paint manufacturers such as Asian Paints and Berger Paints are most likely to benefit from the Centre’s Housing for All initiative in the upcoming Budget.

Good news for Havells India and Polycab?

A market insider also expects Havells India and Polycab to receive support from the government’s Housing for All initiative.

Will infrastructure development benefit companies producing cement and capital goods?

Will infrastructure investments benefit cement and capital goods companies?

A market expert believes that cement and capital goods companies can benefit from positive signals from infrastructure development measures in the upcoming budget.

He expects stocks like L&T, IRB Infra, NCC and UltraTech to benefit.

Special Economic Zone Norms May Be Relaxed: Anil Singhvi

Norms on Special Economic Zones may be relaxed: Anil Singhvi

A market insider believes that SEZ regulations may be relaxed in the upcoming budget, which will be a positive boost for stocks like Jai Corp, RIIL and Adani Ports.