Here is expert equity call for the day on how the markets are expected to trade:
Suresh Mahadevan, UBS: We believe that the govt has understood the importance of the budget as a signalling mechanism. However given the impending state elections in Tamil Nadu, Kerala & West Bengal, the govt may find it difficult to take tough decisions around issues such as decontrolling diesel prices & curbing other subsidies until inflation cools off. Barring a significant increase in crude oil prices, the fiscal situation does not worry us yet. We advise investors to buy into select stocks given the current weakness. Our top picks are ICICI Bank, Bharti, Idea, Maruti, Hero Honda, ONGC, BHEL and L&T.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!
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