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The program will start with 44 vacant city-owned lots being offered to developers to purchase for $1 each. The lots have assessed values ranging from around $4,000 to nearly $50,000.
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We should also keep an eye on the commodity space, particularly minerals and metals that India imports. Price fluctuations in these areas could affect our import bill. While China is currently on holiday, it will be crucial to see how much of the stimulus measures materialize once they return, as this will influence market sentiment and optimism for both China and the broader region.
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George Thomas, Equity Fund Manager at Quantum AMC, expects IT spending to improve, benefiting large-cap IT names. He also forecasts larger private banks to perform better due to better underwriting and improved liquidity. Thomas notes that while most sectors are fully valued, financials offer some room for growth. Expectations of market support from domestic funds remain positive.
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News and Media
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