Budget

The eagerly awaited union budget will be released tomorrow.

You could see the hype created by the media. Its their job to do that and its your job not to get influenced by it.

Lot has been said about the budget and how it will impact the common man.
It is expected to be a populist budget and there will be many sops for the common man as there is elections next year.

I would like to mention a few things which will happen on the day

The past experience has shown that it will be a very volatile day and there will be large intraday swings. The companies which will be benefited and sectors will move up drastically

Expect fertiliser companies to move up a bit as there will be a push for greater subsidies or some sops

I expect some positive sops for the dollar hit sectors like textiles

Corporate tax is unlikely to be changed

Tax exemption limit for the common man may rise to 1.5lakh INR

Alternate energy like biofuels and ethanol may get a push

There will be greater focus on agriculture as it is the main laggard

Infrastructure will hog the limelight and i expect greater allocation

More emphasis on giving more credit for buying houses

These are few of things which are relevant. Once the budget is out and i read the fine print, i will update you all.