Union Budget 2015: Sensex Soars, Stocks to Watch When Arun Jaitley Speaks

The BSE Sensex opened with strong gains on Saturday ahead of Finance Minister Arun Jaitley's first full-year Budget. A higher closing on the Budget day would snap a three-year losing streak for domestic stock markets. If Saturday's Budget meets expectations, it would also help prolong a market rally that has made the BSE Sensex the best-performing emerging index in the world. But, analysts warn that equity markets could see a sell off of 6-8 per cent if the pro-growth measures in the Budget fall short of expectations.

The Sensex has so far rallied 39 per cent since last February.

At 10:50 AM, the Sensex was up 208 points at 29,428 and the Nifty advanced 57 points to 8,902.

 

Here are the stocks to track today:

 

1) DLF: The Union Budget may list out steps to achieve PM Modi's promise to deliver housing for all by 2022.

 

2) Adani Ports, L&T: The Union Budget could cut the minimum alternate tax on SEZ from 14 per cent.

 

3) Suzlon, ABB, BHEL: The Union Budget could provide tax sops for wind and solar energy

 

4) Adani Ports , IRB, L&T, Sadbhav: The Union Budget could provide incentives for long-term debt for infrastructure

 

5) L&T, Bharat Forge, Pipavav Shipyard: The Union Budget could boost capital expenditure in the defence sector.

 

6) Apollo, Ceat, MRF: The Union Budget could increase customs duty on tyres from 10 per cent to 20 per cent giving boost to domestic manufacturers.

 

7) Bharat Forge, Amtek, Sona Koyo: The Union Budget announce steps for import substitution in auto ancillary.

 

8) Ashok Leyland, Tata Motors: Increase in allocation for JNNURM Scheme could lead to higher spending by urban bodies for city modernisation.

 

9) ITC, Godfrey, VST: The Union Budget could increase excise rate on cigarettes.

 

10) Titan, PC Jewelers, TBZ: The Union Budget could cut import duty on gold import.

 

11) Phoniex Mills, DLF, Prestige: The Union Budget could throw more clarity on taxes for REITs. 

 

12) Sobha, Prestige, Godrej Prop, Orbit: The Union Budget could increase interest exemption on housing loans.

 

13) Ansal Housing, Parsavnath, LIC Housing , HDFC , Repco: The Union Budget could increase incentives for low cost housing

 

14) BPCL, HPCL, IOC: The Union Budget could increase custom duties on crude oil. If this happens, these stocks will fall.

 

15) GAIL , GSPL , IGL , Petronet LNG: The Union Budget may declare "goods" status for natural gas

 

16) Reliance Industries, ONGC, Cairn: The Union Budget may not hike the cess on crude oil production. This will be positive for these stocks.

 

17) PSU Banks: Capital infusion in state-run banks may be hiked by 60 per cent.

 

18) Yes Bank, IndusInd, Kotak Mahindra, OBC, Union Bank: The Union Budget may reduce the lock-in period on fixed deposits under Section 80C to three years, which will be positive for these stocks.

 

19) IDFC, PNB, Axis Bank, ICICI Bank: The Union Budget could announce tax breaks on eligible infra bonds

 

20) JSW Steel, Tata Steel, SAIL, JSPL: The Union Budget could increase import duty on steel from 5-7.5 per cent, which will be positive for domestic manufacturers.

 

21) Sesa Sterlite, NMDC: The Union Budget could cut export duty on iron ore from 30 per cent.

 

22) Indian Hotel, Hotel Leela: The Union Budget is likely to give infra status to hotel stocks.