Union Budget 2019: Stocks to watch out for during the FM's speech

SUMMARY

Finance Minister Nirmala Sitharaman's focus will likely be on the rural economy, housing, employment and welfare schemes. Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to remain volatile during the Budget session today. Experts believe the government could announce new measures for banking and financial services, real estate, agriculture and infrastructure sectors. Here are the stocks to watch out for during the Budget:

By CNBC-TV18Jul 5, 2019 9:13:54 AM IST (Published)

The finance minister will present her maiden Union Budget today at 11 AM even as economic growth remains the top concern. Rising fiscal deficit and slowdown in consumer demand are two other key issues that make her task tougher.

The government has said that the Union Budget 2019-2020 will carry a proposal to expand farm income support under the PM Kisan scheme. This could help consumption and auto stocks such as Dabur India, Colgate-Palmolive, Hindustan Unilever, ITC, Bajaj Auto and Hero MotoCorp.

The government aims to create over 1 lakh digital villages. It will propose single window clearance for film shooting. Stocks such as Sterlite Tech, Eros International, Balaji and MTNL will be in focus.

The government could also take measures on the AI front. Railway capex could also boost stocks such as Gujarat Pipavav, Adani Ports, Concor, BEML, Titagarh.

Housing, banking and financial services and infrastructure are also on the priority list of the government. PSU bank stocks, Mahindra and Mahindra, Escorts, IRB Infra, HCC and Larsen and Toubro are among the stocks in focus.

Market trends suggest that the BSE Sensex and NSE's Nifty 50 could remain volatile on the Budget day.