Budget 2019: Stocks and sectors in spotlight
Analysts believe that since it would be a last budget for Modi Government, the government might go for a populist one.
Budget 2019: Just one day has left for the interim Budget 2019. Union Railways Minister Piyush Goyal who has taken interim charge of the Finance Ministry will be presenting the budget on February 1. It will be a vote on account budget, the Vote on Account to be presented on Friday will only be for three months before the new government presents a full-fledged budget in July.
Analysts believe that since it would be a last budget for Modi Government, the government might go for a populist one. However, Fitch Ratings Thursday warned of a second consecutive year of fiscal slippage in the event of Finance Minister Piyush Goyal resorting to populist spending to win over lost vote base.
The interim budget to be presented Friday could give some indication of the government's commitment to fiscal consolidation, which is one of the main sensitivities in the sovereign ratings, Fitch said.
Meanwhile, Indian shares gained marginally on Thursday with market experts expecting sops and schemes from the interim Union Budget before the general elections due in April.
At 1:02 PM, the S&P BSE Sensex was up 422 points at 36,014.15. The Nifty 50 was also ruling 106.50 points high at 10,758.30
Among the early gainers were GAIL, Tata Steel, ICICI Bank and Reliance. However, Zee Entertainment, Bajaj Finance and HCL Tech lost ground.
Below we have listed stocks you can place high bet in order to gain maximum returns on the Budget day.