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With the budget 2023-24 fast approaching, key industries have come out with their wishlist from the government to help streamline businesses and accelerate growth to be able to contribute to the economy.
Anmol Das, Head of Research, Teji Mandi said,
The market falls on two of three occasions in the 30 days post the budget. The probability of such a fall rises to 80 percent if the market has risen in the 30 days preceding the budget.
While that may be possible in utopia another interesting wish expressed by a chartered accountant is the linking of dividends declared by companies to the market value of the shares.
Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament on February 1, 2023.