Budget 2026 Preview
The upcoming Budget 2026 is generating significant anticipation, with industry leaders and taxpayers alike keenly awaiting its announcements. Expectations
are high, and experts are urging the government to consider several key areas to stimulate economic growth and provide relief to citizens. Industry leaders are pushing for a substantial increase in infrastructure spending, proposing a doubling to Rs 3 lakh crore. Tax experts are advocating for changes to the tax regime, including potentially higher deductions, relief on the 30% tax slab, and adjustments to capital gains. Discussions also include the possibility of joint tax filing for married couples and how the new tax regime could be made more appealing through specific deductions, such as those for home loans and health insurance. Additionally, there's speculation on whether the old tax regime will be phased out and what adjustments will be implemented to income tax slabs.
India-EU Trade Deal
The India-EU trade deal is poised to bring significant changes, particularly regarding tariffs on a wide array of goods. The agreement aims to reduce tariffs on over 90% of products, potentially making various imported goods more affordable for Indian consumers. This includes items like cars, olive oil, wine, and chocolate, which are expected to see a decrease in import duties. Experts suggest that such a deal could positively affect long-term investments in select stocks, offering potential growth opportunities. These changes are designed to foster stronger economic ties and enhance the flow of goods between India and the European Union. The reduction of tariffs is expected to boost trade volumes and provide benefits for both Indian businesses and consumers.
Market Performance Overview
Recent stock market activity has been marked by volatility and sector-specific performances. The Sensex experienced fluctuations, ultimately ending the day higher. Several companies saw significant movements. Axis Bank's shares increased by 4% following positive Q3 profit results. Other companies, like Hindustan Zinc, also saw gains, rising by 5%. Conversely, Asian Paints experienced a decline of nearly 7% after its Q3 results. The market's overall performance was influenced by various factors, including corporate earnings reports, sector-specific trends, and global market cues. Several initial public offerings, such as Bharat Coking Coal and Shadowfax Technologies, have also captured investors' attention, adding to the day's market dynamics.
Real Estate Trends
The real estate sector is witnessing evolving trends, with shifts in luxury housing sales and the emergence of tier 2 cities as new hubs. Luxury housing sales reached a four-year high, reflecting a preference for high-end properties among Indian homebuyers. Real estate sentiment stabilized in Q4 2025, supported by office demand and a positive outlook on funding. Furthermore, cities beyond the major metropolitan areas are gaining prominence as luxury property markets. Reports also indicate robust housing sales growth in major cities like Bengaluru, Hyderabad, and Chennai, with a reported 15% increase in 2025. These developments highlight a dynamic shift in consumer preferences and the expansion of the real estate landscape across India.
Silver and Gold Markets
Both gold and silver markets have shown considerable activity, with prices hitting record highs. Silver prices surged to Rs 4 lakh per kilogram for the first time in India, reflecting strong demand and market dynamics. Gold prices also reached fresh highs, influencing investment strategies for investors in Sovereign Gold Bonds (SGBs). Gold prices in Delhi, Mumbai, and other cities reflected the upward trend, with 22K and 24K gold rates reaching new levels. These price increases create a dilemma for SGB investors, who must decide whether to sell their holdings or hold onto them after significant gains. Internationally, silver crossed the $100 mark, further emphasizing the metal's strong performance. Various factors are driving these price movements, including global economic conditions and market sentiment.
Banking and Finance
The financial sector saw significant developments, including the release of Q3 results from major banks and the ongoing debate surrounding tax refunds. ICICI Bank's net profit decreased by 4% year-on-year to Rs 11,317.86 crore, while PNB's net profit increased by 11.6% year-on-year to Rs 5,189.8 crore. Yes Bank's net profit surged to Rs 952 crore. The financial performance of these banks reflects the overall economic environment. Simultaneously, taxpayers are facing delays in receiving their income tax refunds, leading to queries about how to check the status, what to do if refunds are delayed, and how to respond to income tax department notices. Additionally, the PFRDA is setting up an expert panel to revamp the NPS investment framework, indicating ongoing efforts to improve the investment landscape.
