Q: In that case is there a possibility the market sees a sharp sell off if the budget is not upto the mark or not upto expectations?

A: Yes, that is always a possibility. But I think the real issue here is that India has outperformed almost all the global markets like 25-30% which means a lot of pricing has been done in. So I think after the budget is over and maybe two-three days after that probably the budget will be forgotten and you will so back to global trends. I think one issue here is that the global trends are looking pretty weak and we are almost at the end of the global rally which has been going on for the past two-three months. There is too much of optimism priced in the global market about the global recovery. So what I see is fairly long sort of downtrend in the global markets and therefore India will follow that. It could outperform in the sense that it could fall less than the global markets do if the budget is very good and if the government goes ahead with a lot of the reforms that the market is expecting and if the budget is not so good then maybe we will not outperform and we will just go along with what the rest of the world does.