Manish Singh: 'Markets Watching Taxation Part, LTCG, STCG' Ahead Of Union Budget

On this special budget broadcast, financial expert Manish Singh discusses the key triggers for market sentiment ahead of the Union Budget announcement. Singh highlights that the 'only statement which the markets would be watching out for carefully would be the taxation part, LTCG, STCG, STT' and suggests a need to lower these to ease market worries. The discussion covers critical fiscal metrics, including a projected fiscal deficit of 4.2% and a nominal GDP growth assumption of 10.5%. Singh anticipates that FY26 capital expenditure numbers might be reduced, potentially leading to elevated capex of approximately 12.5 lakh crore for FY27. The transcript also notes a significant crash in gold and silver prices at the market open, with the Nifty showing nervousness. Other experts point to volatility in the metals index and potential movements in defense, railways, and PSU stocks as the budget speech commences on an unusual Sunday session.