Budget Reactions: Not a market friendly Budget according to IndiaNivesh Sec

This is not a market friendly budget as there is nothing good in this year budget provision; Also nothing has been done on revival of capex cycle which is a major road block for economy growth.

March 02, 2013 / 15:35 IST

Daljeet Kohli
IndiaNivesh Securities

This is not a market friendly Budget as there is nothing good in this year budget provision; Also nothing has been done on revival of capex cycle which is a major road block for economy growth. on the state of the equity markets nothing was announced to encourage retail investors to participate in Indian markets.

Market has gone down as there is still confusion on GAAR, on companies coming through Mauritius and other tax heavens External and FIIs will dictate the trend for the Indian equity market in the near future.

first published: Mar 1, 2013 04:25 pm

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