(1) Banking Shares : 60,000 crore loan writeoff sure be good for banks balance sheet, bank share like indian bank,canara bank.
(2)Drugs Shares : Cut in Excise duty surely improve result of Drugs related shares like Ankur Pharma.
(3) Textile Company : Planning to make a textile hub , a good news for textile company to grow.
(4) Automobile Sector : It will be a next sector to grow.
If you invested in above sector then just keep it with you for the next two three month short term profit .But ready for short term profit to give 15% tax this time.
Overall good news for few sectors , but still indian market take cues from world economy.
I don't think this budget deserves a market sell off. Global markets permitting, we could actually see the losses getting recouped early next week. Does it do a whole lot to change sentiment dramatically and lead a break out? I doubt that either. Essentially we remain in a trading range and the budget is not the crutch the market can lean on to jump out of that range. It's heartening to see that the downward momentum has been arrested and we are not breaking below the supports of 5000 on the Nifty too easily. I suspect we are back to global market watching next week. That, more than the budget fineprint may well determine where we head from here. It's hardly a historical budget, but now it's history. I doubt if we will be talking much about it beyond next week. It's all done, bar the shouting.
Market Next weak try to take cues from world market , but we will still see some strong attitude in indian market.
Suggestions : Just keep your portfolio as it is .Dont buy and sell just see and watch.March will not be good month to buy and sell.
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