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Why the Budget math doesn't add up; FM, former FM's Budget pitch & Nifty may be headed for 11K before election

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DAILY BRIEF

Sat, Feb 02, 2019

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TOP OF THE DAY
Budget may not really help BJP get big votes, says Vijay Kedia
He says the euphoria of 2017 is over and the worst of late 2018 has also ended.
St has an issue with Budget math: Revenue targets look ambitious
Govt is leaving behind a mess for clean-up, says Chidambaram
We stuck to an honest Budget despite temptations: Piyush Goyal
Will Nifty cross the 11,000 mark before elections? It's a possibility
Bear mkts are like ethical hackers, expose scams: Shankar Sharma
10 PSU IPOs lined up next fiscal: DIPAM Secy

Top Gainers

NSE
2 companies (largecap) appreciated more than 5%
Hero MotoCorp 7.39%
Piramal Ent. 6.04%
More from Gainers

Top Losers

NSE
3 companies (largecap) price decreased more than -5%
Vedanta -17.84%
Bank of India -7.73%
More from Losers

52 Week High

NSE
14 companies touched new 52-week high today
The Western India Plywood Ltd. 5.00%
Havells India 3.32%
More from 52 Week High
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Nifty digesting Budget details, looks to get past 10,950 wall
We had also expected the week to have a wider trading range than usual.
Week in 10 stocks: ZEE shines, but DHFL, Vedanta crack
Budget: Fine balancing act between fiscal prudence, development
Budget addresses vote bank but ignores capex: Subramaniam
RECOMMENDATIONS
Asian Paints Ltd. Buy
Axis Bank Ltd. Buy
KEC International Ltd. Buy
ICICI Bank Ltd. Buy
Kaveri Seed Company Ltd. Buy
Proposals hurt no one, please everyone, and yet are pragmatic
The beneficiaries are the usual suspects — consumer staples and small-ticket durables.
India rating: Fitch has post election Budget on mind
Blackstone pips Baring, Hero Fincorp to buy Aadhar Housing
Indian IT pushing the limits, on the cusp of a digital leap
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