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.
Markets face resistance; Nifty likely to correct soon
After expansion comes contraction - this is the theme which the stock markets have begun to work on. This letter has been upbeat on the market. We still are, when it comes to the long term. The short term scenario may be different. For short term traders the strategy should be to take swing trades lasting one or two days, only on extremes.
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