Can Arun balance Prabhu in the Market?


Prabhu diasapointed Dalal street. Now people of share market stared at Arun With a lot of hopes. Threre is nothing encouraging to lift the share market on Thursday in the Rail Budget presented by Suresh Prabhu. As a result sensex and nifty both moved in the southward direction yesterday. But situation has changed on Friday. Day before general budget today Economic Survey Report has given some positive impact on market. Benchmark indices ended on a robust note after Economic Survey which was tabled earlier today estimated India’s GDP growth between 8.1 and 8.5 per cent in 2015-16. Further, heavy buying by the market participants ahead of the Union Budget tomorrow lifted the trading sentiments. At the end of the day, the 30-share Sensex surged 473 points at 29,220 and the 50-share Nifty soared 161 points to close at 8,845. In the survey report there are number of positive indications for the economy. Besides there is indication for reform in the survey which automatically would boost up the investor’s sentiments. Arun Jetley will present general budget tomorrow. Though it is a Saturday but share market will be opened for a special session. And time will say – Whether Arun can fulfill investors’ hope and whether market will be heated or not!