All eyes will remain on Finance Minister Arun Jaitley on 29th
February as a lot will be expected of him. Will he be able to heal the wounds
of the economy and market?
In the past 10 years, the S&P BSE Sensex has
fallen the most in February, or the Budget month. In 2007, the benchmark Sensex
shed a little over 8 per cent during the month, almost 6 per cent in February,
2009, and 5.2 per cent in February, 2013.
The Finance Minister is expected to focus on
boosting infrastructure and agriculture and restoring the health of the banking
system besides introducing specific measures to ease the stress on the economy .
PSU banks is also a sector of concern. If
government pumps in Rs 70,000 crore for bank recapitalisation at one go instead
of going for time-bound infusion, that can be a big positive for the market
FIIs have also been net sellers, so global markets will also have an eye
on the budget session on 29th Feb,2016.So in this troublesome phase
budget session will have to bring something cheerful for the investors.
