Investors and market participants will be zealously awaiting the Union Budget 2018 to be introduced on 1st February to decide their future plan and will have their eye on corporate earnings and investment, including of Bluechips ICICI Bank and HDFC this current week; experts say.
The trading sentiments would also be influenced as The Purchasing Managers’ Index (PMI) data for manufacturing sectors which is due on Thursday. Arun Jaitley – Finance Minister of India will be introducing the first post-GST budget on the 1st February 2018 and will be the last budget of currently ruling NDA government before the election of 2019.
V K Sharma – Head-Private Client Group and Capital Market Strategy, HDFC Securities said:
“Expectations are running high as it will be the first post-GST and last full-year Budget before the general elections in 2019.”
Wait for February 1, 2018, and be prepared to invest.