ExpertsView On Budget

Sandeep Bhatia, Kotak Institutional Equities says,
It is very difficult to pin out any big sectoral impacts, since there have been no major tax changes,  “It is very difficult to point out any big positive or negative,I would think that markets should trade lower, at least during the next three-four months,”

What experts says?

Saurabh Mukherjea, equities head, Ambit Capital,
“There wasn’t much in the Budget for us to change our view that there could be another 10-15 % correction in the Sensex over the next three months,”stocks of companies in consumer goods and durables, tobacco and paint sectors, which are less likely to be impacted by rising prices and would benefit from the government’s rural spending." My preferred stock picks are in media and entertainment, power generation and distribution and construction sectors".
Nandkumar Surti, chief investment officer , JP Morgan Asset Management India,
equities would continue to be exposed to external challenges such as the US growth and rising oil prices.
Kehair,Wealth manager, ICICI Securities,Most wealth and fund managers recommend locking money in shortterm mutual fund debt products, such as fixed maturity plans, to benefit from higher interest rates. “Investors can park lumpsum money in fixed income schemes of shorter tenure and avoid long-term bonds. But, if oil prices fall, long-term bonds may appear attractive,  

Stocks to Watch On Tomorrow

Marico Ltd,
Cpm:118.55,
Action:Buy,
Target:140.
Amtek auto Ltd,
Cpm:111.85,
Action:Buy,
Target:161.
Punj Lloyd Ltd,
Cpm:59.95,
Action:hold,
Target:91

Impact of union budget:Sensex up

Union Budget 2011-2012 appeared to be a complete game changer for the Indian markets. Stupendous rally was seen post budget with investor sentiment upbeat. However, the macro-economic concerns and soaring crude oil prices led the markets to trim gains at the close. The Sensex touched the 18000 mark and the Nifty hit 5400 levels during the day. Overall, the markets cheered the Union Budget.The Sensex surged 122 points to settle at 17823 and the Nifty closed at 5333, up by 30 points.

Stocks To Watch Tomorrow

ITC Ltd,
Cpm:156.15,
Action:Buy,
Target:207.
Chambal Fertilizers & Chemicals Ltd,
Cmp:68.50,
Action:Buy,
Target:79.
Apollo Tyres Ltd,
Cmp:54.00,
Action:Buy,Hold.
Target:91