'Union Budget to send India’s soaring stocks higher'

India's $5 trillion stock market is projected to gain up to 20% this year, driven by government spending and strong corporate earnings. Market analysts surveyed by Bloomberg predict that the upcoming government budget will enhance consumer spending and infrastructure development, benefiting businesses and investors. Over half of the 24 respondents expect the NSE Nifty 50 Index to reach up to 26,000 points by the end of 2024.One respondent believes the index could climb even higher.