Know what is the opinion of market giants on the budget of the finance minister

 New Delhi: Finance Minister Nirmala Sitharaman presented the general budget for the year 2020-21 in front of the country. In this, the central government made many big announcements, which can have a good or bad effect on all sectors. Know what is the opinion of industry experts on this budget: 

1. Ashutosh Bishnoi, MD and CEO, Mahindra Manuel Mutual Fund This budget gives a big relief to the infrastructure sector, which is stressed on investment and stressed assets. It is expected that this will create many big opportunities for the investors in the infrastructure sector. Zero coupon bonds are also big news for this sector, which can be welcomed.

 2. Aditya Naren, Head of Research - Institutional Equities, Edelweiss Securities The government has taken the right and precise steps in this budget. Right now, this budget seems expansionary, but it will remove the regulatory flaws. In the long run, it opens the path to growth. The risk of inflation and currency will remain for the market, but the market seems ready to take the risk.

3. Nilesh Shah, Group President and MD, Kotak Mahindra Asset Management Company supports the growth based budget market. Disinvestment targets, asset monetization, auto scrap policy are good news for the market. The regular income market will be eyeing the Reserve Bank's monetization policy as the debt may be high. The budget has opened many doors of growth for the domestic industry.

 4. Jaideep Hansraj, MD and CEO, Kotak Securities The Government has presented a very good budget during the Corona epidemic. Could not do more than this. The government has allowed fiscal pressure to grow. Not changing the tax is good news for the market. For this reason, the bumper boom in the stock market continues. 

5. Hemant Daga, CEO, Question on the Chariot of Edelweiss Asset Management Liquidity This budget has opened India's doors to the global economy. This is the master stroke of government. Monetization of assets like road, airport, transmission towers will benefit both the government and investors. This can unlock the capital.

6. Jimit Modi, Founder and CEO, Samco Group Bazaar has breathed a sigh of relief due to no tax changes. Market growth may remain for some time, but such a budget is very good during the time of epidemic. The government has tried to find a solution to all the obstacles so that by defeating the economic weakness, it can be increased on the path of growth. 

7. B Gopkumar, MD and CEO, Axis Securities Through this budget, the government has tried to meet the expectations of the market and the general public. The government has insisted on increasing spending without major changes in the tax system. The government is eyeing spending on infrastructure, health care and major public schemes.

 8. Gurpreet Sidana, Chief Operating Officer, Religare Broking In the current economic conditions, this budget is definitely a growth based budget. The government's focus is on boosting economic growth, with the health, infra and agriculture sectors at the top. A 30 per cent increase in capital expenditure restores this point. The government has taken many big and pathetic steps.

9. Samit Chavan, Chief Analyst-Technical and Derivatives, Angel Broking Market has supported this budget with full enthusiasm. The market has made a strong comeback from the lower levels. There has been a very good recovery in the banking sector. Closing above 14,200 is good news for the market. 

10. Amar Ambani, Senior President and Head of Institutional Research, Yes Securities Budget, focused entirely on economic growth. In times of epidemic, the government is allowing the fiscal deficit to increase. The government has also increased the amount of capital expenditure, which is a step in the right direction. The government's emphasis is on increasing domestic production, but the tax has not been changed.