SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD FEB 05
MCX SILVER MAR 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD FEB 05
MCX SILVER MAR 05
MCX CRUDEOIL FEB 19
MCX NATURALGAS JAN 25
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Sensex trades above 50,000 for the first time ever, Nifty at record high; all sectors gain

Global Markets: Asia shares pare losses as China economy rebounds

Oil prices extend gains after US inventory drop

Wrapping 2020 with a subtle depreciation- What’s on the cards for the Rupee in 2021?

Economy

Budget 2021: Expect a heavily infrastructure driven budget, says Sundaram MF

Updated : January 08, 2021 01:13 PM IST

The union budget is around the corner and Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, believes that the Finance Minister Nirmala Sitharaman is likely to present an infrastructure friendly one this time on February 1.

According to him, infrastructure is going to get a visibility push from the government.

“The reason is I expect this budget to be a heavily infrastructure driven budget because the government has the leeway this year unlike the previous years and the whole world is in a fiscal deficit situation,” he explained.

Further, he expects consumer discretionary and property prices to stabilise. "Interest rates have come down, there is a lot of supply in the real estate,” he reasoned.

“This summer is going to be a blowout summer because data will be compared on a year-on-year (YoY) basis to last summer. The rural harvest has been good, there is money in people’s hands, so numbers are going to look good,” he said.

For the entire conversation, watch the video

You May Also Like

Expect Brent crude to be around $51-52 per barrel in 1st half of 2021, says Wood Mackenzie’s Sushant Gupta

Expect Brent crude to be around $51-52 per barrel in 1st half of 2021, says Wood Mackenzie’s Sushant Gupta

Total dues of major domestic airlines to AAI at over Rs 137 crore as on Jan 1

Total dues of major domestic airlines to AAI at over Rs 137 crore as on Jan 1

Home First Finance Company IPO subscribed 33% on Day 1 so far, retail portion booked 56%

Home First Finance Company IPO subscribed 33% on Day 1 so far, retail portion booked 56%

Trending on CNBC-TV18

Live TV

recommended for you