Pre-Budget Uncertainty: Will Stability Trump Stimulus? Check Details

As markets take a breather in early January, all eyes turn to the Union Budget and what it may mean for equities. Market Guru Satish Ramanathan believes the Finance Minister faces a classic tightrope walk — balancing fiscal discipline with the need to sustain economic growth. With multiple demands on the tax rupee, from subsidies to social spending, the biggest hope from Dalal Street is stability. Investors want a predictable tax regime and a budget that remains expansionary rather than contraction-led. As pre-budget rally expectations stay muted, clarity on taxation, spending priorities and growth support could decide the next market move. For equities, stability may be the strongest stimulus of all.