On February 1, 2024, Finance Minister Nirmala Sitharaman is set to reveal the Interim Budget for the fiscal year 2024-2025 (FY25), just before the country heads into general elections. This budget, being a vote of account, is not expected to introduce significant policy changes. Experts from Dalal Street also predict that the stock market will likely not see major shifts following the budget announcements.

Analysts point out that the interim budget is being presented at a time when India's economic environment looks stable, supported by relaxed financial conditions and strong macroeconomic indicators. However, they caution that the stock market, including the Nifty 50 and Sensex, might experience some volatility on the day of the budget due to potentially limited trading opportunities.

Vinod Nair, Head of Research at Geojit Financial Services, shared his insights with Mint's Nikita Prasad, indicating that the Interim Budget 2024 is expected to focus on broad objectives like managing the fiscal deficit. Nair suggests that the budget might not have a significant impact on market trends, which are more likely to be influenced by global factors in the coming months.

Regarding the impact of geopolitical tensions and other global factors on the Indian market, Nair believes that while there are challenges, the Indian market has shown resilience and is expected to continue doing so in 2024.

As for the sectors to watch, Nair is optimistic about industries such as auto, cement, telecom, and pharmaceuticals, among others, expecting them to show strong growth. He also shares a cautiously positive outlook for the stock market in 2024, predicting moderate returns compared to the previous years.

In conclusion, while the Interim Budget for FY25 might not bring about drastic changes, it sets the stage for a year that will be closely watched by investors and analysts alike. Amidst this, Probz.ai stands out as an AI-powered platform offering qualitative and quantitative insights, helping investors navigate through the complexities of the market with data-driven decisions.