U R Bhat

The exit poll might have reduced some nervousness in the market, but it still remains reasonably high, given the current IVs. Only after India VIX falls back to normal levels,things shall get even.

They put their wealth at risk and implement projects that produce goods and services, writes U R Bhat

It is typical of markets to rally ahead of the budget proposals and see some profit taking once the measures are announced. This time, however, the Adani group stocks played spoilsport

Instead of helping the stock market, the government did the right thing by helping the masses

Allocations to various sectors have been done to the extent the government could given the limited spending room. So, most of the government's favourite themes have got a decent budgetary spend

The focus in infrastructure is a positive step and that's what the markets, too, were expecting. However, infrastructure financing is a long duration game

The BJP has not done well, especially in the large states. As far as the markets are concerned, the state election results do not matter much

Given the tone of Budget 2018, U R Bhatt doesn't think the government is in a mood to prepone the general elections

China is an important engine of global growth, contributing over a quarter of global growth since the global meltdown of 2008

Addressing issues like ensuring adequate flow of raw materials to industry and pushing through approvals on stalled projects would revive investor confidence and minimise the negative impact