On Budget 2024 day, which falls on July 23, investors should keep a close eye on stocks from various sectors such as Defence, Railways, Banks, and Agriculture. These sectors are likely to be impacted by the budget announcement, making them potential stocks to watch.
Defence stocks may see movement based on any allocations or reforms announced in the budget for the sector. Similarly, Railways stocks could be influenced by any plans for infrastructure development or modernization in the railway sector.
Banks are always a key sector to watch on budget days as any changes in policies related to banking and finance can have a significant impact on banking stocks. Investors should pay attention to any announcements regarding recapitalization, loan restructuring, or interest rate changes.
Agriculture stocks may also be in focus during the budget day, especially if there are any announcements related to agricultural subsidies, crop insurance, or infrastructure development in rural areas. Any measures to boost the agricultural sector could benefit stocks in this sector.
Overall, keeping an eye on stocks from these sectors on Budget 2024 day could provide valuable insights for investors looking to capitalize on potential opportunities arising from the budget announcements.