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What happened
The Union Budget 2024 is approaching, and there are several key areas where expectations are high. These include infrastructure development, changes to income tax regulations, and targeted investments. Stocks that could be significantly impacted include IRCTC, DLF, and HDFC Bank. Investors are closely monitoring these sectors for potential growth opportunities.
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Key insights
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1
Infrastructure Development
The Budget is expected to prioritize infrastructure development, with potential boosts for sectors such as railways and roadways.
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2
Income Tax Reforms
Significant changes in income tax slabs and rates are anticipated, which could benefit middle-class taxpayers.
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3
Housing Sector
The real estate sector, especially affordable housing, is likely to receive favorable policies and incentives.
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4
Stock Market Impact
Stocks like IRCTC, DLF, and HDFC Bank are highlighted as ones to watch, given their potential to benefit from the proposed budgetary measures.