From the start of this year, market participants have learnt valuable lessons in the school of affliction. Rewards aren’t coming in anytime soon and this week is sure to keep investors on tenterhooks. The start today is going to be cautious following Friday's selloff and nervous Asian markets.
The Budget session kicks off today. It promises to be a stormy affair amid rising hostility between the ruling dispensation and the principal Opposition party. A formal announcement on the JPC probe into the 2G scam is likely soon; but that is now unlikely to lead to any easing of the war of words between the Congress and the BJP.
The multiple setbacks suffered by the UPA II calls for credible and decisive measures aimed at taming inflation while keeping the growth momentum going. It will take yet another fine balancing act from FM & Co. Hopefully they will hit the bull’s eye.
On the flip side, there might be some disappointment(s) as well. So, one should brace for a volatile period on bourses for a few days. Don’t take undue risks in the interim.
