Budget impact on stocks; Infosys Q1 results eyed

Here are few stocks you need to keep a tab on for today

Union Budget 2014 tabled by finance minister on Thursday laid emphasis on reviving structural problems of the ailing economy. Arun Jaitley added fiscal prudence will lead to fiscal consolidation and aimed at a sustained growth of 7-8% in next three-four years.

 

The fiscal deficit for the current financial year (2014-15) was seen at 4.1% of GDP and 3.6% for the next financial year (2015-16) and further lower at 3% in FY17.

 

Infosys' first-quarter results announcement will be keenly watched by technology industry observers. 

 

ITC is likely to be in focus after the budget proposed a hike in excise duty on cigarettes and related products to be hiked by 11-72%.

 

Shares of real estate companies are likely to hog limelight after the Finance Minister Arun Jaitley proposes to increase interest cap limit to Rs 2 lakh from Rs 1.5 lakh on self-occupied houses and the proposal to set up real estate investment trusts.

 

IRB Infrastructure is likely to gain after the Finance Minister proposed investments of Rs 37,500 crore in highways and roads.

 

Fertilizer companies including FACT, RCF and National Fertilizers are likely to gain on proposal for new urea policy.