18 Mar 2012

Budget 2012 and implications on markets

  2012 Budget has come and gone as an non-event this Friday(16th March). And so has the critical RBI policy announcement a day earlier on 15th March and critical state elections results including UP elections.  One interesting fact is that market had been anxiously waiting for these 3 events as  major positive / negative triggers for deciding the direction of the market this year.All these events came out with results which were negaitive to the market. While the budget was hailed as disappointing and non-reformist...