It is budget time, and the winners are.....
Stock market indices are expected to be volatile on Monday, as investors anxiously await the budget announcement from FM this morning. We expect the market to close the day in the positive territory as the the budget is likely to be pro- business. Expect the Sensex to trade in a wide range between 14,600 and 15,300 on a day of high volatility. The government may also reiterate plans to raise the foreign direct investment ceiling in insurance companies to 49 percent from 26 percent . This might benefit the stock of Max India (Rs 206). There is another proposal to allow overseas universities to operate in India, which might open opportunities forNIIT (Rs70) and Aptech (Rs 175). The government is expected to boost infrastructure spending and make it easier to get housing loans. This move could benefit companies like GMR Infra, IDFC and HDFC. Mr. Mukherjee is also expected to announce plans of increase in the healthcare expenditure and promote rural healthcare benefiting companies like Fortis Healthcare. Banks might benefit from financial reforms and agri related businesses like Escorts, GSFC and RCF might join the beneficiaries list. Textile and export oriented Jewellery and leather stocks are the ones to watch out for, as the government might announce sops for these sectors which have been in trouble for the past few years due to deteriorating global economy. Alok Ind, Arvind Mills, Gitanjali Gems, Evinix Accessories and Crew Bos products are the stocks to benefit from these moves. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
