Union Budget

The budget day (B-DAY) i.e. 28^th February will be full of happenings and surprises; for the government and for the citizens as well. Government who has already accepted the defeat but still struggling on several fronts like inflation, oil prices, corruption, and black money; will give there projection for the year to come and commonly shocked common man will be anticipating some relief, some measures to increase his disposable income to fight interest rates and inflation.

The day will also decide and govern the direction of stock market, this being the last week pre-budget and also the last week for current month contracts, not much of movement is happening across the bourses. The indices are range bound, clueless and the entire trading day being very lackluster. All the sentiments, interest and projections are hooked for the day. It seems that market is also holding it’s breath for interpretation of the day.

But not much of action is anticipated post budget, as government already has many challenges to face besides there are some obvious rollbacks of stimulus which the industry has already sensed and reacted too. In this melee what will be the fate of common man is a matter of common sense which reminds me of an adage….

“A budget tells us what we can't afford, but it doesn't keep us from buying it”

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