Union Budget 2015: It's net-net positive Budget; mkt fall immaterial: Religare

Despite a near 35 points fall in the Nifty post the Budget announcements, Gautam Trivedi of Religare Capital Markets Limited says he is not concerned by it. According to him, net-net it is a positive Budget.

The Nifty gained back lost ground and closed above 8900.

However, he too agrees with the view that this Budget did not do much to revive domestic consumption. With the service tax hike, it is in fact a little negative, he adds. "There is absolutely no reason for incremental capex," he told CNBC-TV18.

Market expert Dharmesh Mehta believes finance minister Arun Jaitley has delivered on what the market wants. Infact foreign players in the market will love it. He believes India is in a sweet spot and now the fear factor (Budget) is also out of the way. He sees foreign investors coming back to the Indian market over 2-3 months.