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Expectations of a growth oriented Union Budget 2014-15 in Next week

Union Budget for 2014-15 is a major event next week, The week also marks the beginning of the Q1 June 2014 corporate earnings season.

Nifty technical 5 july 2014
Nifty technical 5 july 2014
PRLog - Jul. 5, 2014 - DELHI/NCR, India -- The 50-share Nifty index is expected to open higher on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to head higher are surpass its previous record high of 7754.65 hit on 3 July. Stocks Tata Motors, Videocon Ind, Sun Pharmaceuticals, Alstom T&D India, Emami, Indian Bank, ONGC, RIL, OIL India, Hindalco Ind, BHarti Airtel, Siemens & Prestige Estate Glenmark Pharmaceuticals and Cairn India.
Key benchmark indices edged higher in the week ended Friday, 4 July 2014. Expectations of a growth oriented Budget and decline in crude oil prices triggered gains on the bourses. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty, both hit record high. The BSE Mid-Cap and the BSE Small Cap indices outperformed the Sensex during the week.

Expectations of a growth oriented Budget supported gains on the bourses during the week. Increase in outlay on infrastructure sector with focus on stricter and time-bound implementation of projects, initiatives towards investments in agriculture and irrigation aimed at easing supply bottlenecks for food-grains, fiscal prudence with roadmap to reduce the fiscal deficit, a roadmap for reducing the subsidy burden and timeline for implementation of the Goods and Service Tax are some of the expectations from the Budget. Finance Minister Arun Jaitley will table the final Union Budget for 2014-15 in parliament on 10 July 2014.

Upcoming Events

Union Budget for 2014-15 is a major event next week, The week also marks the beginning of the Q1 June 2014 corporate earnings season. The Budget session of the Parliament will start on Monday, 7 July 2014. Finance Minister Arun Jaitley will present the final Union Budget for 2014-15 in Lok Sabha at 11:00 IST on Thursday, 10 July 2014. A day before that i.e. on Wednesday, 9 July 2014, the Finance Ministry will table Economic Survey for 2013-14. Railway Minister Sadananda Gowda will present the final Railway Budget for 2014-15 in Lok Sabha on Tuesday, 8 July 2014. Investors will continue to watch the progress of the monsoon rains amid concerns that poor rains this year will send food prices higher. Shares of public sector undertakings (PSUs) will be in focus amid expectations that the government will raise the target on proceeds from PSU divestment in the final Union Budget for 2014-15 to boost the government's non-tax revenue.  Shares of infrastructure developers and cement companies will be in focus on expecations of higher allocations for power, roads, ports, rivers, railways etc. in the final Union Budget 2014-15 to be unveiled on 10 July 2014.

Fortnightly Headlines

Tata Motors' Cyrus Mistry focusing on designing new cars; company to launch Zest, Bolt and the revamped Nano.

2) Diesel vehicle sales may skid on deregulation of fuel prices.

3) Aequs lays foundation stone of new automotive components plant in Belgaum.

4) Maruti to launch smallest 800 cc diesel engine with 30 km/l mileage; to be used on Celerio.

5) Precision Camshafts Limited partners EMAG to bring in assembled camshafts technology.

6) Apollo Tyres gets board nod to raise up to Rs 1,200 crore.

7) Tirupur keen to enter 'synthetic' fabric market.

8) LG eyes double digit mkt share in water purifier segment.

9) Panasonic launches new range of top load washing machine.

10) Oil ministry directs oil companies’ to urge their staff to give up subsidized LPG cylinders.

11) Anti-dumping duty on solar gear imports won't hurt consumers: Indian Solar Manufacturers' Association.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

RR Research Information


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Source:RR Financial Consultants Ltd
City/Town:Delhi/NCR - Delhi - India
Industry:Business, Finance
Tags:Union Budget 2014, equity research, Share Brokers
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