Today,i nvestors have had a long weekend to put their knowledge at work after the budget. With the major event risk out of the way, a lot will again depend on how the global events play out. The market is expected to open on a positive note. Stock-specific and sector-specific activity will be the order of the day as investors understand the impact of the budget on their holdings.
Asian stocks have pared their gains after a positive start. US stocks climbed on Monday taking the Nasdaq and S&P 500 into positive zone for the year. AIG's $35 billion asset sale and a some mergers in the pharma space brought some cheer. A Greek bailout package is being closely watched and could have a bearing on the market sentiment. The consumption story is here to stay. With the budget putting in more money in the hands of the consumers, a lot of consumption-related stocks will see renewed action.
The EXIM numbers and sales numbers from auto and cement firms will be among the data points tracked today.
