Budget 2026: Infra, Consumption Boost Key for Multi-Year Bull Run, Says Himani Shah

• Himani Shah of Alchemy Capital Management expects a 'pragmatic' Union Budget 2026, not a 'populist' one.
• A roadmap protecting Rs 11 trillion infra commitment and boosting middle-class disposable income could spark a multi-year bull run.
• The 'India Story' remains resilient with structural manufacturing revival and tax cuts driving consumer spending, despite global cues.
• Market may see mid-to-high single-digit growth over 12 months, supported by auto sales, retail momentum, and credit growth.
• Key sectors in focus for Budget 2026 include consumer discretionary, retail, infrastructure, industrials, and financials.

Why It Matters: A pragmatic Budget 2026 focusing on infrastructure and consumption can drive a multi-year bull run.