Investors look to cues from the Finance Minister this morning. The mood in the market is not great as the global cues are weak and there is no enthusiasm among the investors. Bulls look tired at this point of time and the only way they could get up and running is with some help from Pranab this morning. Expect the benchmark index or the Sensex to trade in a band of 150 points for the day
Today's market is a special one, as we have never witnessed this kind of inactivity in the past decade. Specultors and traders stayed away from the market and there is no build up in any kind positions. So we expect the budget to be uneventful, barrig fire works in select counters. Power, Textiles and Renewable Energy stocks are the ones to keep a close eye on, ahead of the budget.
Sical logistics, Liberty Shoes and GVK Power were very active in yesterday's trade. GVK Power in particular has seen huge volumes on the last day of expiry. Godrej Ind and Bata are the other stocks that looked decent.We pick Moser Baer, IDFC and Arvind Ltd the winners in this budget. Overall, a big rally is ruled out, unless Pranab manages to pull out an elephant out of his hat