1 July 2014

MARKET EYES ON BUDGET 2014 FOR STRONG DIRECTION

More few day are left for upcoming budget 2014 . That will be a historic day for the Indian markets when, the benchmark indices hit fresh all-time high and shut shop at record-closing high on the back of strong inflows from foreign institutional investors on hopes of a reformist Union Budget early in this month.The Indian markets have picked up momentum in the run-up to the Budget 2014, which will provide the much-needed direction to the markets.Most of the expectations are running a little ahead of what the government can actually do midyear, because one has to remember that they have taken up the government by the half of this financial year. Market once again hit all time high till the budget 2014.sensex may touch 26000 & Nifty could approach 8000 levels around Budget time. What we all should expect from the budget is that it should give a little bit of a signal in terms of what the broader direction of policy is likely to be for the rest of the period that the government will be in power.
Amid heightened hope of “acche din” in contrast to bitter ground realities, the Union Budget would be the first policy announcement from the newly-elected government and consequently a big test of its resolve to walk to talk.The markets would be looking at a pragmatic budget with credible numbers and intent of government on critical reforms (tax reforms, subsidies, divestment, FDI etc) from medium to long term perspective.
Most brokerage firm have already started recommending their clients to look at specific stocks which are likely to benefit from the upcoming Budget 2014 based on specific policy reforms. 

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1 comment:

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