Investors happy but households give thumbs down to Budget: CMIE
CMIE observeshouseholds expressed displeasure as a week after budget, Index of Consumer Sentiments fell 4.2%; budget may or may not be reason for household perceptions to worsen but sentiments have worsened after it, it adds
BusinessToday.In | February 10, 2021 | Updated 12:37 IST
Budget brings a sharp difference between perception of equity market investors and households, says CMIE
The value of BSE-30 companies rose five per cent and that of Nifty-50 companies rose 4.7 per cent on the day of the Budget, which is an indicator that investors were evidently happy with the Budget, private think CMIE (Centre for Monitoring Indian Economy) has said in its latest article. It is unusual for the value of these companies to rise by more than 2 per cent on an average day, said the article written by CMIE CEO Mayesh Vyas.