Budget 2017: Mkt unlikely to see lasting impact of Budget, says Chris Roberts

The Budget is not likely to have lasting impact on the index, believes Chris Roberts of Asianomics Group. The current uptrend will mostly continue irrespective of the Budget outcome. Speaking to CNBC-TV18, he said that downside for the market is limited and it is unlikely to get close to 7900 mark. India could also test 9000 this year and move onto 10,000-10,300 level eventually. The emerging markets are seeing more interest now.James Sullivan, Managing Director-Asia Equity Research, JPMorgan is of the view the government might look at moving fiscal deficit to 3.3 percent as they want to stimulate the economy.
According to him, overall the economy has weathered the demonetisation much better than expected.

As a house, they are positive on Indian equities and within that the financial sector, infra stocks. However, he is cautious on healthcare and IT stocks.Watch accompanying video for more details.Read more: LIVE UNION BUDGET 2017-18 UPDATES

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