Mumbai, Jan 20 || As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.
The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.
However, domestic demand indicators and macro fundamentals continue to show resilience, supported by policy-led tailwinds, according to PL Capital’s ‘India Strategy Report’.
Nifty has shed most gains made in past couple of months and has been largely flattish.
Global geopolitics is redrawing global power and business equations leading to significant increase in business uncertainty. In addition, India’s sustained tariff row with the US is disturbing the market momentum.