Market outlook, trading ideas for Budget day
July 4th, 2009
A lot would be at stake for India when Finance Minister Pranab Mukherjee presents the Union Budget 2009-2010 on Monday. The mega event becomes all the more important in the wake of the global financial crisis. Not only will the FM have to take measures to boost growth, the country’s ballooning fiscal deficit would constraint his ability to be very indulgent with government expenditure. Connected with the real economy is the stock market, which has seen a stupendous rally since March. The budget will however be an event the market will keep a keen eye on.