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In an exclusive interview with ETMarkets, Kshitiz Mahajan, CEO of Complete Circle Wealth discusses potential market behavior post-budget, highlights key sectors to watch, and provides insights on effective money deployment strategies for Union Budget.

With just two days to go, all roads are leading to the Union Budget, which will be presented by finance minister Sitharaman on July 23. Analysts expect the government to strike a good balance between fiscal consolidation, growth and rural welfare schemes owing to the RBI’s higher-than-expected dividend transfer.

The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.

Telecommunication infrastructure provider SAR Televenture raised nearly Rs 43 crore from anchor investors days before its follow-on public offer (FPO) opening for subscription.

The support level that you can see in Kotak Bank right now is somewhere at 1,800 level and you can see a potential up in Kotak Bank. Today also, it tried to come near the 1800 point, but it has recovered

The budget may look at adding some populist measures which address unemployment and rural stress. This is considering four state elections coming up in the next one year

The performance clock starts ticking when the investment takes place rather than when the capital is committed. Secondly, investors retain full discretion on which sectors, companies and deals to participate in and at what stages of investing

This situation has led to a migration of trading volume to international exchanges, posing higher risks in terms of compliance and customer protection