Focus on Nifty companies; discretionary consumption may rise due to Budget impact: Prashant Jain

Prashant Jain from 3P Investment Managers believes the current market environment is challenging, especially for small and mid-cap stocks. He emphasizes a focus on Nifty companies and notes that government capex is expected to align with nominal GDP growth. Discretionary consumption may rise due to the Budget's impact, but consumer staples might not see a significant boost.