Investors urged to wait for Budget before making big bets, says Sunil Subramaniam

With markets showing mixed signals, experts are advising investors to hold off on major moves until the Union Budget is unveiled. While the recent India-EU trade deal has lifted sentiment, patience remains key.

On whether it is time to go value hunting, market expert, Sunil Subramaniam said, “No, not yet. The EU deal has boosted sentiment, but it is better to wait for the budget and reassess afterward.”

Asked about the risk of missing opportunities, he added, “The budget may be reform-oriented, but I don’t see room for big pro-investor measures like cutting capital gains tax. Topline growth has been okay, but bottom lines haven’t been great. Post-budget is a good time to reassess, and the India-EU deal is a long-term positive rather than a trigger for short-term bets.”


Highlighting sectors to watch, Subramaniam pointed to banking, IT, and consumption. “Loan growth and NPA control are big positives for banking. IT guidance remains stable despite labour code costs. On the consumption side, GST implementation and the summer season could provide a boost. These are the key areas to focus on in the earnings season.”

Subramaniam’s insights suggest that investors should take a measured approach, observing earnings trends and key sectors while waiting for the budget before making major investment decisions.