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

With markets showing mixed signals, experts are advising investors to make big moves until the Union Budget is unveiled. While the recent trade deal between India and the EU has improved sentiment, patience remains key. On whether it’s 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 after that.”

Asked about the risk of missing opportunities, he added: “While the Budget is reform-oriented, I don’t see room for big investor-friendly measures like cutting capital gains tax. Sales growth has been good, but results haven’t been great. The post-Budget is a good time to reassess, and the India-EU deal is a positive rather than a trigger for short-term bets.”

Highlighting sectors to watch, Subramaniam pointed to banking, IT and consumption. “Loan growth and control of NPAs are big positives for the banking industry. IT guidelines remain steady despite the cost of labor laws. On the consumption side, GST implementation and summer season could provide a boost. These are the key areas to focus on during 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 big investment decisions.