With two major events India s budget and US Fed meeting out of the way, analysts expect markets to take support from the ongoing Q3 earnings season, and remain in positive territory
Prashant Jain believes that given the scale at which the government is planning the solar rooftop plan, the utilities space will become crowded. However, he sees some good investment options in the utilities supply side.
The shares of state-run power companies gained up to 14 percent, a day after Finance Minister in her interim budget increased the allocation for this firms
Suzlon Energy to post a robust financial turnaround, which was evident in its December quarter results. But Suzlon Energy shares might be factoring in most positives.
The impact of Interim Budget on equity markets will be neutral to mildly positive for the near term and other emerging triggers will drive its trajectory later, said Dhiraj Relli, MD & CEO, HDFC Securities.