In the 2024 budget, D-Street professional Rahul Ghose, who is the CEO of trading platform Hedged.in, foresees a cautious approach in derivates on July 23. Ghose also thinks that core industries will maintain their good performance.
The first Union Budget for the newly elected Modi 3.0 government will be revealed by Finance Minister Nirmala Sitharaman on Tuesday, July 23, 2024. Leading up to the important event, the Indian stock market has experienced a record-breaking period of rising prices, with the main indices reaching all-time highs due to positivity surrounding the budget focused on growth, predictions of strong earnings in the first quarter of fiscal year 2024-25 by Indian companies, and the consistent advancement of the monsoon.
Rahul Ghose, CEO of investment tech platform Hedged.in, will discuss key stocks, crucial market levels, and the most sensitive sectors to watch on July 23 due to investors’ interest in understanding the trading strategy for that day when the Union Budget will be presented.
