The market wants the government expand its balance sheet a wee bit to free up some resources to revive growth. Weak economic growth and a high fiscal deficit are big challenges facing the government. So whether in these circumstances, Nirmala Sitharaman loosens her purse strings and increases spending on infrastructure will be the key. That apart, individual investors will be glued to see whether the budget eases taxes on long-term capital gains and provides other relief measures for the markets. In fact, the results of Axis Bank Ltd and Kotak Mahindra Bank Ltd underscores this point.

Source: Mint January 26, 2020 09:33 UTC