Budget 2016: This is the Budget for public sector banks, says Nilesh Shah

Nilesh Shah of Envision Capital says that the expectations from the Budget are low this time around. If there is no negative news, then one could see an uptick in the market. India, which has been underperforming in recent times in global markets due to expectations of taxes and maintaining fiscal deficit, will outperform in March if there is no disappointment in the Budget. Neelkanth Mishra, Head of Equity Strategy, India says that the government will maintain its fiscal target of 3.5 percent and stick to the path of fiscal consolidation.“This is the budget for the public sector banks,” Shah says adding that all eyes will be on recapitalization and reforms that the government will do more for the public sector banks. Watch video for more