Indian equities have taken a breather since mid January 2013 as market participants ponder over the outcome of the Union Budget. IndiaInfoline take it as a foregone conclusion that the Finance Minister will deliver a reformcentric Budget addressing the fiscal and current account deficits in the wake of the sustained country downgrade scare. In their opinion, the FM cannot even afford a Budget which is termed as a non-event, leave alone a bad one.
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