Veteran market investors have praised the consumption boost in the Union Budget, one view is that valuations in the space cannot be overlooked, as also the increasing disruption being caused by new age players.
One of the earliest analysts to turn cautious on equity markets, Saurabh Mukherjea, CEO - Institutional Equities at Ambit Capital, is still sticking out his neck and forecasting Sensex to grind lower to 22,000