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The Union Budget- The Budget is under the limelight this time mainly due to two factors. Firstly the need to drive the economy towards a sustainably higher growth path and secondly maintain Fiscal discipline which is important to maintain macroeconomic stability.

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Markets seem to have got all the positive news it was looking for in the near term. The corrective move that has started can be sharp and swift. It will provide the base for a stronger move later in the year. PSU Financials as well as Technology stocks look most vulnerable at this stage. A decent sized correction will give good opportunities to pick up stocks in a year which is likely to be a stock pickers market.

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