Lack of major triggers, expiry and weak global cues is likely to put pressure on markets.
Tata Steel, Maruti, YES Bank, DHFL
Auto, financials and metals.
Consolidation might get extended given global factors, evolving Indo-US trade, visa spat, weak domestic macros and downgrade in corporate earnings. Further, there is limited scope in the Budget for any big fiscal measures to excite markets.
Investors are awaiting concrete steps from the government to support the economy. Lack of triggers and premium valuation is impacting new investment, while a monsoon delay and F&O expiry may add to volatility.
Vinod Nair, head of research, Geojit Financial Services