Thursday, 2 February 2017

Sensex, Nifty open flat a day after Budget; M&M falls 2%

The 2017-18 Union Budget has the shortest list of bad news for the markets in nearly two decades. Finance Minister Arun Jaitley had resisted the temptation to plant bombs in the fine print of the Budget. Clarifications on Foreign Portfolio Investors and indirect transfers were positive developments for transparency, and said the only cause for concern in the Budget was the divestment target of Rs 72,500 crore. India had retained its macro stability reputation and was ahead of its peers on this count.

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