Budget 2018: Markets will consolidate over next 6 months, says Jaipuria

I think the government is likely to achieve the set target for FY19 if it maintains a tight ship, says Jaipuria

From reintroducing long-term capital gains tax on sale of shares to focus on rural and agricultural sectors, the Union Budget 2018 touched upon many things. JYOTIVARDHAN JAIPURIA, founder and managing director, Veda Investment Managers though tells Puneet Wadhwa that the market returns in 2018 will be lower than in the previous year. Investors, he adds, should brace for volatility. Edited excerpts:

What is your interpretation of the Budget proposals?
 
As expected, the general focus of Budget 2018 has been on the rural sector and not much concessions for the middle class or the corporate sectors. The good thing