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Sunday, February 27, 2011

Budget - An Annual Tamasha

Its that time of the year again when the equity markets in india hold their breath!This time the euphoria is tempered with the happenings in Libya and OIL!The Middle East is burning brighter than the mythical " Eye of the Tiger"

Still to put things in perspective the expectation as per my talk with a few movers and shakers is that the gems and jewellery sector,low cost housing,agriculture should have positive surprises.Changes in GST,maybe income tax rebates might take the sensex temporarily higher but beware the demon that lurks in crude!
Watch Rajesh Exports,Gitanjali gems,Lok Housing,LIC Housing...expect OPEC to announce higher production under US pressure.Nifty anywhere between 5100 - 5600?