Most experts are not hoping the budget to be a game changer for the market. Anantha Narayan, Co-head Equities, ICICI Securities, in an interview to CNBC-TV18, said that the budget is likely to be a neutral one.
According to him, post the deal with British Petroleum, RIL will not see a significant upside. "The deal per se, besides the pop today, may not take the stock up to significantly in the near-term. But I think it essentially caps the downside," he explained. He feels that diesel deregulation is unlikely in current political environment.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
