Ramkumar explains why largecaps are a better play in 2023 vs small & midcaps https://ifttt.com/images/no_image_card.png"We would prefer to be overweight on cement, capital goods, railways, IT, and pharma. We would be cautious on BFSI. The capital goods sector shall be in the limelight as we expect the public capital expenditure to be increased further over the last year’s 7.5 lakh crore. We expect higher allocation towards capital expenditure in this Budget."
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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