DSIJ Mindshare

Indian markets extended their gains on Wednesday's at the opening bell as investors cheered the Union Budget 2022 which met the street's expectations and positive global cues. The correction and the recent rally were, in fact, reactions to global market cues. FII sharply trimming their selling to just Rs 21.79 crore helped the Budget rally and DII inflow of Rs 1,597.70 crore was recorded. But FIIs are likely to sell the rallies again since they consider Indian valuations excessive. 

The use of Kisan drones for crop assessments, land records, spraying of insecticides is expected to drive a wave of technology in the Agri & farming sector, FM announced. 

The Union Budget with its big tech push and capex thrust has used the fiscal space arising out of buoyant tax collections to spur growth and revive private capex.