Brokerage firms' Budget expectations

Excerpts from Markets Midday on CNBC-TV18 Watch the full show »

With the Budget around the corner, CNBC-TV18  reports on the expectations that various brokerage houses have from it this year.

In general, Brokerage houses are hoping that there will be measures to relax FDI limits and the service tax will be hiked from 12% to 14%. They feel that infrastructure, agriculture and education will be given attention. They also expect announcements on PSU divestments.

The general consensus is that there will be a positive impact for capital goods, oil and gas, hotels and FMCG (excluding ITC). The impact will be neutral for media and entertainment and there will be mixed impact for sectors like automobile, telecom, cement, IT and realty.

Sharekhan believes that there will be a positive impact for sectors like capital goods, automobiles, FMCG (excluding ITC), telecom and paint companies like ICI & Asian Paints.

On a positive note,  Emkay feels that oil & gas, capital goods, cement, construction, hotels and realty will get a positive impact of the Budget.  

According to Kotak, there will be a positive impact on sectors like automobiles, logistics, food processing, power, retailing and insurance. However, it feels that there will be a neutral effect on sugar.

Man Financials states that there will be a positive impact on sectors like capital goods, FMCG, Paint companies, pumps, hotels and tractors. They felt there will only be a neutral impact for automobiles, banking, cement and Pharma. They feel that there will only be a negative impact for ITC and real estate.