Budget will be presented, obit will be read before or after it
February 01, 2017 09:52
India Today: Budget will be presented, obituary may happen before or after it.
Both Sensex and Nifty turned flat after opening marginally higher with shares of public sector banks advancing. Markets' expectations are riding high given that it is the first Budget after demonetisation. From income tax to corporate tax cuts to measures to support the economy to more funds for public sector banks, expectations galore from Budget 2017. Stocks markets have already rallied to pre-denomination levels in anticipation of big announcements from the finance minister. Analysts say that any disappoint could trigger a big correction in stock markets.
Both Sensex and Nifty turned flat after opening marginally higher with shares of public sector banks advancing. Markets' expectations are riding high given that it is the first Budget after demonetisation. From income tax to corporate tax cuts to measures to support the economy to more funds for public sector banks, expectations galore from Budget 2017. Stocks markets have already rallied to pre-denomination levels in anticipation of big announcements from the finance minister. Analysts say that any disappoint could trigger a big correction in stock markets.
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