Synopsis
It is on days like Friday where bears just send a reminder that while bulls are in control of the market, even they would come once in a while on the street. Coming week, the move of the market would be decided by what comes in the budget. When we say come, not only specifics about sectors, but more importantly, what is the broader picture on fiscal discipline. So, for some time, if one is not a trader and knows how to hedge, hedge your exposure. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
While in the long term it is earnings which only matter to the street, but in the short term some events which matter to the street. The reason these events have the ability of impacting the earning trajectory of the sectors and hence street keenly watches them. So, this week, it is the budget which will matter and impact the movement of the stock. Why this budget is important is because it is the first budget of the coalition government in a
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