Speaking to CNBC-TV18, Abhay Laijawala, head of research at Deutsche Equities India says that this is the last time the government can present an economic Budget. “Next year, it will be an election Budget,” he says.
Yesterday was a dramatic session for the market as the Nifty slipped 1% to close at 5340, as global markets failed to rally post the LTRO-II as was expected. There was lots of newsflow from Delhi and the flip-flops on the ONGC auction.
Can a better than expected second tranche of liquidity to European banks fuel a rally in our market today? Read on for more...