21 September, 2020

Fits, Then Starts

A realigned portfolio could yet help you survive the market

Fits, Then Starts
outlookindia.com
-0001-11-30T00:00:00+05:53
OLM Market Pointers
  • Buy good FMCG stocks; growth and earnings expectations on these will now be revised upwards
  • Infrastructure and utility companies serving the rural sector will benefit from the budget
  • Global cues are more important now; expectations are that markets would cool off by September
  • Don’t buy companies looking to raise funds, as debt is likely to get costlier

***

For all the noise generated about the "exaggerated" response of the stockmarkets to Budget ’09, it’s rather reassuring that they have a very short memory span. One moment is still crystal clear, though: when the Union finance minister spelled out the fiscal deficit, all the pre-budget euphoria drained out like a punctured balloon. Was this reaction justified, particularly when it was clear that most analysts and macro-economic experts had already resigned themselves to the deficit being 6.2 per cent of the GDP as announced in the interim budget?
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