Fed's decisions are more important for the market than the budget: Jyotivardhan Jaipuria

Us Federal Reserve's decisions is expected to have a greater impact on the stock markets backhome, more than the Union Budget 2022, according to market expert Jyotivardhan Jaipuria. He is Founder & Managing Director (MD) of Valentis Advisors. He also said that the Foreign Institutional Investors (FIIs) continue to sell in all emerging markets. 

Finance Minister Nirmala Sitharaman presented the Budget 2022 on 1 February 2022. 

The MD said this while speaking with Zee Business Managing Editor Anil Singhvi in a popular TV show ‘Budget Ke Baad, Budget Ke Baat'. 

Jaipuria said the budget is now not as important for the market as it used to be and that was primarily because of two reasons for that.  

First, there has been a lot of transparency nowadays, so people generally predict the things that can go in the budget. Along with that, the tax rate has all gone down so much that with little here and there, no more changes are coming.  

The second is that a lot of reforms started happening outside the budget. They are mentioned in the Budget but happening outside. And that's why the budget is now not so important for the market.  

In fact, the budget is turn out to be a non-event for the market, said Jaipuria. He continues, or if something very bad happens, then only the market pays attention to it.  

This time also it was the same, the decision of the market was not to increase capital gains anywhere, and it did not increase. So, it was positive accordingly. 

For the market, now, the focus of the Fed has become more important. The reason he gave is that the fed is going to hike in.  

Also, after many years, the monetary policy which was loose is also going to be tight.   

The Fed meeting is going to be held in March 2022, he reminded. 

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'बजट के बाद,बाजार की बात'

बाजार के लिए बजट से ज्यादा फेड के फैसले अहम, सभी इमर्जिंग मार्केट्स में FIIs की बिकवाली जारी : ज्योतिवर्धन जयपुरिया, फाउंडर & MD, वैलेंटिस एडवाइजर्स

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