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New budget and market may rise

Human beings are suckers for stories. You, me, everybody.

We need stories to make a decision and stories to not make a decision as well. If there is no story, we create stories in our mind to justify a decision. So much so, in the rare case that a decision is made without there being a story, we rush to create a story to justify it.

As the share markets rises after the election results, and that too greatly which created history in Indian share markets, before that Indian Share markets never witness the upper circuit, but the very same day, the same was witness by the investors and the share markets twice.

As the people who are closely related to the share market, or call the big fish in the share market have confidence in congress policies or say, that they have faith in the great economist Manmohan Singh, our Prime Minister, and why not, he is one of the fine leader and a great economist too.

Even I do support him as a Prime Minister, but if he work as a Finance Minister, it will be a great bonus for our country. But he acted as a brave man when the left step back our the nuclear deal, as the deal was favourable for India and can work for making the 2020 vision possible.

Now, as the government started working, and its been one month that the new government into existence and decided to announce the new budget. The new budget will be declared on 6th July, 2009. But the speculations about this is really very hot in the market, as what would be the government going to announce, but as I already said that the big fish in the market have faith in congress government, so the small investors will expect another rise in the market on that day. Still the market from the election day raising, and the rally continues.

But one thing I must like to mention that before the budget will be announced, the one week will be crucial, as markets may dip in that week, because of profit booking, as people are very much doubtful about the budget. But the investors may invest just before the budget and get favourable outcome. 6th July 2009, it Monday, so investors may invest on 3rd July 2009, that's Friday.

I am not certain but very optimistic that many shares related to banking and insurance sector will go up that day. As government may take decision favourable for banking industry.

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