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.
Narrow range movements in Nifty suggest consolidation; another big move is coming soon, maybe on Thursday, almost certainly by Monday December 9
After two days of strong up moves, a consolidation was expected. That has come about. We suggested closing long positions in the Nifty, a trade that gave 100 points. We can expect markets to expand soon enough. Expanding markets suggest big moves. Therefore, the next few days should provide trading opportunities.
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