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So Namaste Sir, the first thing is that money is not made, money is also lost, it does not take long to make or lose money, it takes minutes, Sir, Sir, the common man's net worth portfolio must be getting lost, Sir, it keeps coming, yes no no, that increase is to happen, just like it is the law of nature, similarly it is the law of the market, so that increase in increase is something, I have got used to it, now there is no tension that if it falls, my portfolio has reduced, it keeps going, it does not matter much to my mind, and as far as today's budget is concerned, if I saw the overall budget, it was very good and of course everyone is talking about the same thing, that you have also put headlines that the exemption up to 12 lakh income, this is of course a very good reform in itself, it is a big relief for the middle class, which was already going through a slowdown, and from that perspective, the budget is very good, but if you look at it from the point of view of the stock market, as far as an investor is concerned, it is not going to make any significant difference in the stock market.
I think because of that people think that there will be a little upturn in FMCG, there will be a little upturn in automobile, so the FM also saw the same thing that for the last four-six months there was a little decline in automobile, so for two-three years actually there was no growth in FMCG, so he did this understanding that it is possible that the sector may improve a little, FMCG and this, but then secondly they reduced the budget for infrastructure, the capex which they reduced by 10%, but due to that the shares of infrastructure fell, due to that the shares of defence etc.
fell, so there is a negative, so this is a mixed form of the budget, I feel like this and as far as the stock market is concerned, I do not think that this budget will lead to any big boom or any new environment here, I personally do not think so, yes sir, if we look at it from the point of view of a common man, the tax that he used to pay till now, in this lab, his tax burden will be almost He used to earn between ₹50,000 to ₹1 lakh a year, which he got a boost, now when he will go to spend, then the kind of run-up trend the stock market showed today in particular pockets, where there was a consensus theme, of course, buying was seen there, do you think that the theme of affordable housing will also come alive again, sir, if people are saving a little ₹1 lakh, they may think that brother, I will pay an EMI of ₹10,000-20,000, the government is giving me relaxation of ₹10,000, I will put in another ₹10,000 on my own and I will buy my own house by paying an EMI of ₹10,000 per month, I will buy a small house, this theme can come alive, sir, yes you have made a good point, this theme can definitely come alive, we just need to understand that nowadays houses are available for ₹10-20 lakh, is that enough, yes, the scope is very less that you can afford it in ₹10-20 lakh, but okay There is already some money, you can increase it by 200 Hajj, 100 Hajj, 20 Hajj, it can happen like they have said that there will be a difference of 80,000 for a general person, maybe there will be some difference of 800 per annum, for the tax people who come in this lab, okay, they will get a little boost, they will get a little boost from it, so sir, if you get a benefit of 80,000 then you can buy a small car, that is why it seems that affordable car, small car, something like this will come in it because look at different things, people have many needs, some need a house more, some need clothes more, nowadays the fashion of brands is going on, many want brands, many want to go out and eat, many also want cars, so all these things can make a little difference, what you say is fine, if you buy a car worth 5 lakhs or 6 lakhs, then the 800 Hajj benefit will be a lot of benefit to you, I mean it will give you a lot of convenience, all this All these can make some difference and there is no doubt about it, but overall I don't think that this will cause any sabotage in the economy.
Yes Sir, what is required in the economy to sabotage, what should we demand from the government, Sir, what I personally understand is that to sabotage the economy, Sir, here one crore people are getting ready for jobs every year, there are no jobs for them, so if the government understands, of course the government is also trying, it has also brought a scheme of ease of doing business, how much difference does it make, we will know in the next six months, I think the government should create a huge revolution in job creation, how jobs can be created, whether it is from manufacturing or any other sector, now in infrastructure, like jobs are created through infrastructure, they have cut down some of the infrastructure, so the government thinks it is better, so as long as these jobs are created, if you create these jobs, then it will have a huge impact on the economy.
It makes a big difference, that many people come under the tax bracket, understand if you create 1 crore jobs within a year, if you create jobs for people, then out of that, many lakhs of people, it could be 10, 20 lakh, 50 lakh people, 10, 20, 25 lakh people can come under the higher tax bracket, Sir, in the last budget, the FM scared the stock market, he increased the long term capital gain, he increased the STT simultaneously, the market was also scared on one side that the finance minister might tamper with something else here, is she increasing some other rate, because I was reading many reports, that in a developed nation, the income tax rate and the capital gain rate remain parallel, so the government will make it parallel in the venture term, this fear, at least today I could not come, another I who was sitting was saying that brother, madam, since the capital gain tax has been increased a little, since then it has been increased Since then the market has started falling, so they should reduce it a bit, the burden of STT should be reduced, how did you see this point sir, the government is not in the mood to reduce it in general, what you are saying is the same thing, right now because the market has gone bad, saying this they probably reduced the long term capital gains tax by 1.5%, otherwise I think they might have made it 15% and STT, STT has happened now, the government earns some tax in a year, so what will the government do now, I do n't think so right now, I was not expecting that all this will reduce and by saying this I did not have such hope, if it had happened then it would have been icing on the cake, and if it had not happened then it is fine, if it does not happen then it is also fine, what will you do, sir, this is the style of yours that if it happens then it is fine, if it does not happen then it is also fine, but sir, but sir, now tell us what will happen now, what will happen to the market, that is, we are standing at this point because where we saw that four months ago we used to talk about valuation concerns that The valuation has stretched a little bit extra after four months when we have seen a significant correction in many stocks in the index, many small caps have broken the 30, 30, 40, 40 mark, has the valuation comfort returned or it has not returned yet, sir, I think the complete valuation comfort has not yet come, Vivek ji, it will take some more time, normally what happens is that when such a big market has seen such a huge boom for a year and the shares have increased by 101 times, 202 times, then just by falling to 30, 35 from the top, that valuation comfort does not come, and this and because I feel that it should take some more time, two, four, five months to come to valuation comfort, sir, it seems to me that that means, sir, the market still has more room for the market to fall, yes, it can fall, and within that, what about individual stocks, their own scripts There are different movements, so some stocks which are still very expensive will fall more, those which have already fallen a lot and if there is value in them then they will fall a little less, but I feel that the environment will remain a little subdued, I think so sir, I will not ask about the shares but please tell me which sectors will not fall, those which had risen earlier, for example, you see which stocks have fallen in the range of five times, 10 times, 10 times, 50, 60, 70, 80, 90, 100, they have fallen, they will fall even more, now like our defense stocks, these were very expensive, now see, correction has started coming in them, yes, the one which rises more falls more, sir, that is a simple thing, in this, FMC has not performed for three years, there has been some relief in it now, it is not known how long it will last, so saying this, this is a little bit of a topic, good topic, sir, here that Which stocks to focus on, right now it is a little bit about that, the image will become a little clearer in the future, sir, and in two, three, four months, sir, we have talked about the expensive ones, but sir, some things have also become cheaper, which you think, okay, now they are fairly valued, and if we look at their earnings by discounting them, f5 26 f5 27 earnings, then these sectors are looking a little good here, our weightage can be increased a little here, shift your portfolio here, no sir, today no such thing is coming to my mind where I feel I should increase the shares in this, today it does not come to my mind, I feel that this is a little bit of a market environment, I feel that a little more adjustment is still left, it is not coming to my mind right now, sir, yes sir, last question till now, sir, we are already almost at the end point, how did you like the Q3 earnings, sir, what do you think about Q3 earnings, will the market rate of earnings or do you think that right now Earnings are still very much subdued, the way we have seen it, I feel that there should be a little more subdued, there should be a little subdued for a quarter or two, that's what I said immediately, there was nothing like this in this budget, no magical wand in hand that will improve the economy or make it grow, I feel that more is needed to increase it and to accelerate it at a big pace, okay Vijay Sir, thank you very much Sir for joining us, Sir, today on a very precious day, at a very important time, you joined Sir, thank you very much Sir, thank you Sir, thank you Sir, thank you Sir, thank you, we are back, Anshul ji is with us today, Anshul ji, I know that you must be very tired, but some of our viewers are also tired of some counters, we have bought L 4900, Govind ji has gone very far, Sir, after buying these, there was a pullback after breaking 3660 once, after that today there is a breakdown again, now when it takes out 3660, I don't think so It is said that 3418 will stop it, it will directly come and stop at 2905, 905, if you have placed a base then 3660 is your last hope, the day it breaks, the target of 905 will open, Srinivas ji is saying, salutations to Anshul Guruji, Sarla Poly Sir, I have bought some shares, what is the future of 122, sir see, the breakout in Salla Poly failed, since then there is a continuous down move, so we are waiting for a new structure to be formed, if 99 is released immediately then some structure change will start happening, at present there is no change in the structure, the hope of 99 being released is increasing that it may be released in the next week, but when it is released only then our interest will come, at present our interest is not coming in it, okay Hari Pandey ji is asking SBI Bank Sir, what should we do, see, in banking, SBI has major support of 7731, the week bounce has come from there, so whenever 731 is broken in the next week, a little deeper correction can come in this, overall the big thing right now The structure has been formed, it is telling that 590 can come down, I am seeing this target of 590, it will take six to eight months for it to come, it will come gradually, it will not come all at once, it is a large cap bank, but if you want to remain in the banking sector, then hdfcfund.com has given the right message, Ankit ji, you have given a very good message, now Anshul ji and I are seriously tired and you have definitely expressed your tiredness, so for now the time has come to end this show here, Anshul ji, thank you very much for joining us, today on a very important day you came with us in the studio, it was a very nice to meet you and it was a very good program sir, thank you very much, thank you, thank you, so for now stop this program here, with Man Nay, Namaskar
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