Published in:
Business Standard
Pubished on:
27 Feb 2016
Union Budget announcements, combined with global cues, especially crude oil prices and rupee movements will chart the equity markets' next course. Market observers predicted that stock prices will be driven by budgetary announcements, especially on how the finance minister balances the goals of fiscal consolidation and revival of private investments.
"The economic survey has raised some hope of a reforms oriented budget. Outright populist measures would dent credibility of the government," predicted Devendra Nevgi, chief executive of ZyFin Advisors.