Mumbai, January 31, 2025: According to Jefferies, the Indian stock market is expected to hit its bottom by February 7, provided there are no unexpected tax changes in the Union Budget. The research firm noted that the market has already priced in most of the concerns, and any negative surprises related to taxation could add pressure.
Jefferies analysts also emphasized that, while the market has been volatile in recent weeks, the absence of major policy changes in the upcoming budget would likely lead to a recovery. The stock market has been grappling with uncertainties surrounding fiscal policy, and investors are hoping for clarity and stability after the budget announcement.
