Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
Market

Top brokerage views on Budget 2019: CLSA positive on NBFC, PSU Banks; Nomura prefers corporate banks

Updated : 2019-07-08 08:28:15

Indian benchmark indices are likely to open lower on Monday, tracking muted Asian peers, as post-Budget pressure on equities may continue. On Friday, Sensex and Nifty50 fell 1 percent each following various Budget proposals such as buyback tax on companies, higher taxes on super-rich and rise in the limit of minimum public shareholding. Here are the top brokerage calls on Budget 2019:

<strong>CLSA on Budget 2019 (Infra):</strong> The brokerage is positive on select developers/utilities like Adani Ports, IRB Infra, and NTPC post Budget. It said that funding of National highways better with the hike in oil cess.
CLSA on Budget 2019 (Infra): The brokerage is positive on select developers/utilities like Adani Ports, IRB Infra, and NTPC post Budget. It said that funding of National highways better with the hike in oil cess.
<strong>CLSA on Financials:</strong> The brokerage believes Budget is positive for NBFC, HFC and PSU banks. It prefers HFCs like HDFC, LIC Housing Finance, and IHFL. Among PSBs, it is positive on PNB and Union Bank of India.
CLSA on Financials: The brokerage believes Budget is positive for NBFC, HFC and PSU banks. It prefers HFCs like HDFC, LIC Housing Finance, and IHFL. Among PSBs, it is positive on PNB and Union Bank of India.
<strong>CLSA on Budget:</strong> The brokerage says TCS, Wipro, and HDFC Life will be impacted from promoter shareholding cut. It is positive on SBI Tata Motors, M&M and Hindalco.
CLSA on Budget: The brokerage says TCS, Wipro, and HDFC Life will be impacted from promoter shareholding cut. It is positive on SBI Tata Motors, M&M and Hindalco.
<strong>Credit Suisse on Budget:</strong> The brokerage says it is positive for Havells, Crompton, Asian Paints and Pidilite on tax exemption on housing loan interest.
Credit Suisse on Budget: The brokerage says it is positive for Havells, Crompton, Asian Paints and Pidilite on tax exemption on housing loan interest.
<strong>Nomura on Budget:</strong> Nomura prefers corporate banks over NBFC/HFCs. It maintains 'buy' for Shriram Transport Finance, M&M Finance, and LIC Housing.
Nomura on Budget: Nomura prefers corporate banks over NBFC/HFCs. It maintains 'buy' for Shriram Transport Finance, M&M Finance, and LIC Housing.
<strong>IDFC Securities on Budget:</strong> The brokerage says Budget 2019 is positive for strong NBFCs, short-term negative for HFCs with developer loans.
IDFC Securities on Budget: The brokerage says Budget 2019 is positive for strong NBFCs, short-term negative for HFCs with developer loans.
Live TV

Ask Our Experts CNBC TV18