Union Budget, IIP data and corporate earnings to dictate market trend:
Experts
07/07/2014 11:39
An action-packed week is in store for Dalal Street as investors and traders eye the much awaited Union Budget 2014-15 on Thursday, while industrial output data and the start of the corporate earnings season will also be eyed. The Union Budget, which will be the first litmus test for the newly elected Modi government will be the eye catching event of the week with investors expecting a host of key reforms to help boost Asia’s third biggest economy, which has grown below the 5 per cent mark in the past two fiscals. Dalal Street is hopeful for measures such as the announcement of a timeline on the implementation of the GST, cutback of fuel, food and fertilizer subsidies to trim the fiscal deficit, asset sales in PSUs and liberalization of FDI norms in defence and e-commerce, etc. A growth-oriented budget may bring cheer to investors, sparking a rally in stock prices, experts reckon. Traders will be eying the Rail Budget on Tuesday where the government may announce steps aimed at a complete turnaround of the struggling cash-strapped Indian Railways system. The Economic Survey for 2014-15 will be tabled a day before the budget. Markets may see volatile trading this week as investors take the cautious path before the announcement of the budget. Investors will also be eying the industrial production data for the month of May, due on Friday, which may signal a pickup in economic growth. India’s industrial output grew for the first time in three months, up 3.4 per cent, year on year in April 2014. The April-June earnings season kicks off this week with IT bellwether Infosys set to unveil its report card on Friday.
07/07/2014 11:39
An action-packed week is in store for Dalal Street as investors and traders eye the much awaited Union Budget 2014-15 on Thursday, while industrial output data and the start of the corporate earnings season will also be eyed. The Union Budget, which will be the first litmus test for the newly elected Modi government will be the eye catching event of the week with investors expecting a host of key reforms to help boost Asia’s third biggest economy, which has grown below the 5 per cent mark in the past two fiscals. Dalal Street is hopeful for measures such as the announcement of a timeline on the implementation of the GST, cutback of fuel, food and fertilizer subsidies to trim the fiscal deficit, asset sales in PSUs and liberalization of FDI norms in defence and e-commerce, etc. A growth-oriented budget may bring cheer to investors, sparking a rally in stock prices, experts reckon. Traders will be eying the Rail Budget on Tuesday where the government may announce steps aimed at a complete turnaround of the struggling cash-strapped Indian Railways system. The Economic Survey for 2014-15 will be tabled a day before the budget. Markets may see volatile trading this week as investors take the cautious path before the announcement of the budget. Investors will also be eying the industrial production data for the month of May, due on Friday, which may signal a pickup in economic growth. India’s industrial output grew for the first time in three months, up 3.4 per cent, year on year in April 2014. The April-June earnings season kicks off this week with IT bellwether Infosys set to unveil its report card on Friday.
