Stocks are likely to open higher as stocks markets re-open after a holiday on Monday. Expect the benchmark index or the Sensex to gain 100 points or nearly 0.6 percent for the day, after gaining 175 points following the budget presentation on Friday
We have come out with a stock, that could see decent upside post budget, this is exclusive for our paid subscribers. We see the market opening higher and cooling off from there on. Dhanalakshmi Bank, IFCI, IDFC, Reliance Capital and TVS Motors were the stocks that look technically strong.DB Corp, Edserv, Celebrity Fashions and Neyveli Lignite are some of the stocks to watch from a day trading perspective
We believe that FM has done nothing 'significant' in this budget as lot of key initiatives and reforms were left unchanged. There was some good news to autos in the form of a smaller than expected hike in the excise duty, while for the government plans to boost infrastructure came as good news to the Infrastructure and Real estate companies. NBFC's might be another sweet spot with the possibility of new licenses for private banks. As expected tax incentives were announced for Renewable energy firms. Our picks MoserBaer and IDFC performed well on Friday.