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​The consumption multiplier is almost three times, that is what our economic research indicates that if surplus is X, the consumption multiplier would be 3X, so that is also another positive outcome of this reduction of taxation increased limit on the exempted tax

But I think the most important aspect for our sector is regulatory stability. And for better or worse, we have seen time and again many-many things that have significantly impacted the business model of our sector. We had the change in taxes.

Consumer-oriented stocks gained traction post-budget with Maruti Suzuki, Bajaj Finance, and Eicher Motors showing significant strength. Other stocks such as Laurus Labs, Havells India, Aditya Birla Fashion, Britannia Industries, and Jubilant FoodWorks are also expected to benefit from increased domestic consumption and positive technical indicators.

Shares of Power Grid, Divi s Labs, General Insurance Corp and Tata Chemicals will be in focus as the companies will announce their quarterly results today.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.

Sajjan Jindal family plans to dilute 14% of its promoter stake in JSW Infrastructure to fund a ₹39,000-crore capex over the next five years. The company, listed in September 2023, aims to maintain a 70:30 debt-to-equity ratio and utilize internal cash accruals. JSW Infra will look at acquisitions and aims for increased revenue growth and Ebitda margins.

Several PE and VC funds in Mumbai face challenges due to new Sebi regulations prohibiting preferential treatment for large investors. Fund managers argue that pro-rata and pari-passu rights complicate fee structures and distributions, with industry experts calling for a review of these rules.

The budget for FY26 aims to drive sustainable economic growth to 7% by addressing key concerns like inflation-impacted consumption demand and tentative private capex. Proposed income tax cuts increase middle-class disposable income, boosting demand in sectors like automobiles and real estate. Fiscal prudence continues, potentially allowing RBI rate cuts, enhancing macroeconomic stability.

The RBI interest rate cut seemed certain until last week, but uncertainties, especially due to Trump s tariffs and their impact on US inflation, have arisen. Despite positive domestic cues, global factors and capital outflows are creating a challenging environment for the Monetary Policy Committee to make a decision.

While analysts debate whether this shift is a temporary adjustment or a broader paradigm change, several sectors including agriculture, capital goods, cement, consumer, financials, telecom, and utilities are poised to benefit from the measures in the budget.