Top stocks and sectors to watch out in Union Budget 2014
NEW DELHI: The new government, led by Mr Narendra Modi, would be presenting its first budget for FY15 amidst many challenges. It will also be the first budget of Finance Minister Arun Jaitley.
Indian equity markets have been on a roll, and reached an all-time high level on July 08, 2014 on the hopes of strong pro-growth reforms to be introduced by the newly-elected Modi-led government to kick-start growth in Asia's third largest economy.
Although expectations are already running high, but that is often the case in India that wishes are being confused with expectations.
"The FY15 Budget measures and the anticipated fiscal roadmap are unlikely to significantly exceed expectations, but they will reinforce the post-election boost to confidence," said a CLSA note. Overall, sustained fiscal correction will be an important input in boosting growth, added the note.
Ten stocks in focus in trade on Budget Day 2014
Bharti Airtel Ltd:
JSW Steel Ltd:
Kingfisher Airlines & United Bank of India:
Indiabulls group stocks
Tata Teleservices Ltd:
Infosys Ltd:
GMR Infrastructure Ltd:
Lupin Ltd:
Subex Ltd:
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