Mkt expects 3G auction okay in Budget

1413 Investors following Bharti Telecom. Share this News with them.

0

Like this story, share it with millions of investors on M3

Mkt expects 3G auction okay in Budget

We expect several positive actions from the budget on policy reforms. We also believe the government will roll back the tax incentives signaling a withdrawal of stimulus, says Ridham Desai of Morgan Stanley.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Bharti Telecom See previous management interviews See what other Experts & Brokerages are saying about Bharti Telecom Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty?

Ridham Desai, Morgan Stanley: Historical precedent does not favour the market for the next 2 months. The markets are usually flat in the month ahead of the budget and fall in the month following it. We expect several positive actions from the budget on policy reforms. We also believe the government will roll back the tax incentives signaling a withdrawal of stimulus. Oil sector reforms and 3G auction are other items the market is keenly awaiting around or in the budget.