Like Equitymaster.com just said, the Union
Budget 2017-18 is less than 48 hours away.
And just like always, there is no
dearth of speculators trying to predict the possible announcements and expected
market moves.
As you can see
from the chart, there is no clear trend when it comes to market movements pre
and post budget.
Note: Pre-budget
data is until the previous day's closing. Post budget includes Sensex close on
the budget day. Data for 2017 is from January 2 to January 8.
If history is anything to go by, all this speculation will go in vain. And while big players can get away with their failed speculative bets, it is the individual investor that will be worst trapped.
One of our subscribers recently wrote to us seeking stock recommendations that could benefit from the budget.
I'll repeat a gist of our response for your benefit...
We're sorry, we don't have any speculative 'tips' based on budget expectations. Don't get us wrong. We closely monitor the outcome of the budget.
If history is anything to go by, all this speculation will go in vain. And while big players can get away with their failed speculative bets, it is the individual investor that will be worst trapped.
One of our subscribers recently wrote to us seeking stock recommendations that could benefit from the budget.
I'll repeat a gist of our response for your benefit...
We're sorry, we don't have any speculative 'tips' based on budget expectations. Don't get us wrong. We closely monitor the outcome of the budget.
And we will certainly be assessing its
impact on various sectors and companies. So stay tuned. And rest assured that
we will keep recommending stocks whenever we see value.
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