
Expect the market to rally more toward Budget date: Andrew Holland
Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to push the market higher on the basis that there could be more government spending to help the rural economy and therefore that would have knock-on effects in other areas as well like affordable housing, affordable housing finance companies.
The Budget is on July 23rd. Are you anticipating any pre-budget rally this time around or do you think the stocks have already run up quite a bit and expectations have been built up already?
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Offering CollegeCourseWebsiteIIM LucknowChief Operations Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitAndrew Holland: I think it is the latter. The market had a great run after the election results and the initial weakness. The banking and the IT stocks led the way. What I think could happen now is that the market might be held up and we might just have a push higher towards the Budget. Other sectors like FMCG probably helping to push the market higher on the basis that there could be more government spending to help the rural economy and therefore that would have knock-on effects in other areas as well like affordable housing, affordable housing finance
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