Tweet Buster: LTCG relief, income-tax cut two key demands of market mavens

NEW DELHI: The domestic stock market snapped a two-week winning run as investors remained on the sidelines ahead of Union Budget on February 1.

For Finance Minister Nirmala Sitharaman it will be a tough task to please all when she presents Budget on Saturday, as expectations are running high, especially amid the economic slowdown.

Moreover, Q3 earnings will also play a big part in swaying market mood.


Here's a look at what top D-Street veterans made of the week gone by and what they think lies ahead:

Union Budget
Samir Arora of Helios Capital sees no merit in the market opening on Budget Day this time. He is of the view that Budget day
is only for punters as most of the important things are in the fine print.


Value investor Safir Anand says that any tweak in LTCG shall lead to a huge rally in midcap stocks.


PMS fund manager Basant Maheshwari says any tweak in personal income tax cut would lead to a rally in FMCG stocks.


YES Securities' Amar Ambani believes that not all big-ticket reforms could come from Budget.


Stock-specific action
Independent market expert Sandip Sabharwal says that L&T has done well despite a challenging economic environment. He believes had L&T not spent so much on Mindtree acquisition, the stock would have moved much higher.


Sabharwal says any rally in TCS should be used as an exit.


Shyam Sekhar of iThought says Vodafone Idea is like a very sick patient and questions if there is any merit in saving it.


Food for thought
Sandip Sabharwal points out that SBI Chairman in February 2019 had said that Jet Airways will not be allowed to fail, but that didn't turn out to be true