Asian markets have opened in the green . Indian equity markets may also move up today .
This week is very important for the Indian equity market . We will have the railway budget which will set the tone for the budget session .
Some of the major global factors to consider for this week are :
This will be a good time for traders to buy stocks linked to the Indian railways. We may see a short term spike in these shares before the budget . However most of these shares may not sustain this upmove after the budget .
Long term investors should look at sectors expected to benefit from the budget like , Infrastructure , Ports , Banking , Insurance and FMCG .
A budget focused on rural development will benefit FMCG companies like Colgate and HLL .
We may also see more announcements on the banking sector . We feel most of the NPA cleanup is already in the price and we can look at quality banking stocks like HDFC and YES bank .