Brace for volatility as Budget hangover, coronavirus keeps markets on edge

Most experts have now turned cautious on the road ahead for the stock market - at least in the short-to-medium term - as they expect the economy to slow even further

Markets gave a thumbs-down to the Budget 2020 proposals and logged their worst Budget-day fall since 2009 with the S&P BSE Sensex closing nearly 1,000 points lower. Some of the key issues such as the lack of measures in the Budget to kick-start economic growth, possibility of a higher fiscal slippage in the next financial year, a stiff divestment target to bridge the revenue shortfall, lack of relief on the long-term capital gains tax (LTCG) among others, have left unaddressed and disappointed the market .

Most experts have now turned cautious on the road ahead for the stock market – at