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Topic : India Budget 2010
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Do you see the market moving up after this union budget?

Created by : Esha Johar, Risk Analyst, Irevna  | 03 02 2010 12:22:33 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : market budget 2010 union budget 2010 budget highlights india budget 2010 finance minister budget highlights budget news indian finance minister 2010 indian budget budget 2010 news finance minister pranab mukerjee union budget 2010 pranab mukherjee budget 2010 equity market trade market
Activity:  202 views;  last activity : 07 06 2010 20:18:09 +0000

In the truncated trading week ahead, Equity markets, may reflect the steady reaction of investors to the possible impact of the Union Budget announcements on the economy and companies. As some Budget proposals were better than what investors expected, market participants are expecting the focus to turn to global events this week and sharp movements on either sides to be more sector or stock-specific.

On one hand, the uncertainty relating to the event seems to be over and the consensus is that the country is well on track for a strong economic growth trajectory.  But at the same time, the Bank Index has faced resistance at the upper end of the downward channel. The momentum indicators are also continuing in Sell mode, signalling any rise from current levels should be used as a selling opportunity.We expect the index to witness correction in next couple of weeks and could target 8,850 on the downside.

So users, overall, do you see the market moving up after this union budget?

  
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Now, the importance of populist programmes is reducing. This is development of a country. Lakhs of small investor all over India get benefited from it. So India Govt. should give better opportunities to the indian stock market. it will improve due to gain confidence.The budget this time meant for big gaint and their motivation will enables the market. The markets will move up post budget only on the basis of governments decision to ristrict fiscal deficit below 5.5%. As far as moving up the previous highs, inflation is going to play crucial role.If at all the inflation crosses 10%, the prediction by shankar sharma may come true. The sector (infrastructure) has witnessed an underperformance and hence provides a good opportunity for investments
By Esha Johar, Risk Analyst, Irevna  03 02 2010 12:33:03 +0000
 
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The Indian stock Market which i think is not mature to react on happening around the world but it is moving by the sentiments and the sentiment can down any day.So expecting a correction in couple of days or week.
By piyush kumar, Executive Assistant, Ambuja Cement Ltd.(Holcim Group)  | 03 20 2010 04:46:07 +0000
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The markets have shown the optimistic view of the budget and it seems  that the upward trend is likely to continue in the near future with some hiccups which may be dute to global cues.The Indian Mfg industry is placed very well placed based on the strong fundamentals and with the financial year closing approaching,all the companies will post better than expected results for this quarter and thus will strenghten the YTD performance.
By Vikas Bhatnagar, Manager Finance, Tata Motors Ltd  | 03 03 2010 13:02:58 +0000
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The new budget is strictlly against the common people. The prices for petrol and deseal should not go up. Market does not move up or down because of any reason - Budget or economy doing well or fudamentals etc etc. It is only for acadamic analysis by the so called and self proclaimed experts. It moves up and down only on manipulations and only by manipulators.
By Archana Singh, Relationship Executive, ICICI Bank  | 03 02 2010 12:31:49 +0000
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