Budget has been announced and there seems to be no respite
offered for the already battered stock market.
The only positives are reduction in income tax for individuals
which may encourage them higher spending thereby promoting
economic growth.
Henceforth global cues will drive the markets.
We expect a sluggish market for the entire month of March
and we may see furthur lower levels in the coming weeks.
Investors can continue to buy value stocks at every dip.
You can accumulate L&T, BHEL and LIC housing at every dip.
When good times return this stocks will give you reasons to cheer up.
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