The Indian stock market was clouded with Union Budget worries the whole of last month. However the budget only spelt well for the market. In the coming times economic consolidation will lead to sustainable growth which will be beneficial for India Inc.
BUDGET CONCERNS prevailed in the Indian stock market during February. The market was more or less volatile. During the second half of February the market showed a little bit of consolidation. The Rail Budget was a non- event but Union budget was not. On the budget day sensex gained 175 points, the highest single day gain in February. Except the fuel price hike proposal the budget was pretty decent according to first reviews.