1. The budget has been more or less neutral for the stock market. Only public sector banks (PSU) banks have suffered due to waiving of the loans of the farmers and the subsidy burden is to the tune of 50,000 crore rupees on the public sector banks and thus these banks were trading lower on the budget day to the tune of 5%.
2. Budget had positive news for agriculture sector coupled with irrigation sector. It appears that the market will consolidate now before showing any upmove.
Get Free Indian Stock Market Tips in Email Here.
2 Mar 2008
Indian Budget Update
Indian Budget Update
2008-03-02T14:38:00+05:30
ANALYST
budget|
Subscribe to:
Post Comments (Atom)
MOST POPULAR POSTS AS CHOSEN BY 12 LAKH READERS & SUBSCRIBERS WORLDWIDE