Feb 27, 2013, 01.55 PM IST
According to Herald Van Der Linde of HSBC, the budget is likely to focus on fiscal consolidation, an uptick in investment and current account deficit control measures.
Here are experts equity calls for the day on how the markets are expected to trade:
Herald Van Der Linde, HSBC: The budget is likely to focus on fiscal consolidation, an uptick in investment and current account deficit control measures. We are positive on the energy sector and exporters ahead of the budget, but remain underweight on PSU banks. We maintain our neutral stance on India with an upside potential of 12 percent this year.
Jonathan Wilmot, Credit Suisse: The focus now shifts to how deep the correction will be in the US markets and how long will it last, or whether this is just the beginning of something far more sinister. Long-term investors should use such corrections as buying opportunities.
Nifty trend remains up; minor dip in prices is opportunity to buy. Within the up move, there will be choppy conditions
A minor correction in prices saw the Nifty move down, just on the eve of the publication of exit polls on elections to five state assemblies. Markets are in an up trend. We follow the up move while it lasts.
Video of the day
Dec 5 2013, 12:20
- in FII View
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.