India's budget poses risk for market sell-off

India’s Market Outlook

Amish Shah, Head of India Research at BofA Securities, expresses caution regarding the Indian IT sector in 2024. He highlights potential factors that could impact foreign institutional investor (FII) outflows, suggesting a careful approach as the market prepares for upcoming budget announcements.

Impact of India’s Budget

Shah warns that India’s forthcoming budget could trigger a market sell-off, urging investors to remain vigilant. The budget’s implications for key sectors, particularly IT, are under scrutiny as stakeholders anticipate how fiscal policies may affect market dynamics and investor sentiment.