Bulls look super enthusiastic for Arun Jaitley’s Budget FY16 to be presented tomorrow. Just a day before the Budget, the Sensex ended up 473.47 points or 1.6 percent at 29220.12 and the Nifty was up 160.75 points or 1.8 percent at 8844.60. PSU banks lead the upmove while HDFC Bank twins, ICICI Bank and Axis Bank were top gainers in the Sensex.
Among the losers were ITC, GAIL, Wipro and HUL. So, here are 15 stocks to keep an eye on
Housing for all and relaxation on personal taxation slab
Real estate cos: HDIL , Unitech , Puravanakara , smaller real estate players
Tax claity on REITS
REITs may be exempt from DDT/MAT and long-term capital gains exemption for sponsors Stocks: DLF , Prestige , Adani Ports Banks Clarity on holding co structure for govt. banks, Re-capitalization of government banks
Oil & gas
Custom duty hike of 2.5-5 percent expected: Positive for ONGC , OIL ; Negative for OMCs FY16 subsidy figure over Rs 35000 crore: Positive for ONGC, OIL
Excise duty hike up 10 percent factored in Lowering or no increase in 64 mm cigarettes
Titan/ jewellery cos
Cut in gold import duty: Positive for Titan
Subsidy, tax exemption for stranded gas assets: Positive for GMR Infra , Lanco Infra , GVK
Renewable energy focus area, an eye on funding kind of structure like REIT or tax accelerated depreciation.