Clear Intent, Restraint and the Transparency (CRT moment)
Finally, the big day is here and all the concerns related to High on Promise, Low on Substance Budget are out for now, atleast.
While it was largely expected to be an Infrastructure and Agriculture focused budget speech, the major brownie points earned by the Hon’ble FM and her team are related to the Clear Intent, Restraint and the Transparency shown (& hence, maturity of the team!) in making certain budgetary calculations.
I am sharing my personal perspective on a few agenda items —
In continuation to my previous story published on 20th January 2021 (Titled — The markets can remain irrational for longer than you may remain solvent), the market developments have been so much in tune with the thoughts expressed about higher probability of profit booking happening before & after budget announcement on 1st February.
I recently went through the Budget day stock market movements for the past decade (since 2010) and to my understanding markets have largely remained flat up till 1 PM when the strong trend begins and 70% of the times the correction is seen in the markets post…
“The markets can remain irrational for longer than you can remain solvent" — John Maynard Keynes (the famous economist once said)
Flashback to the first quarter of 2020; Covid 19 pandemic was shaping up the lockdown norms across the globe and the stock markets world over were falling like a knife. …