Union Budget 2016-17, Stock market, BSE, NSE, Stock movement
RBI may go for 50 bps easing in 2016; Nifty target 7,500: UBS

According to the global financial services major, the Budget has given more preference to stability rather than growth and this should give more room to cut key policy rates.

The government has kept his fiscal deficit at 3.5 per cent for FY2017. Maintaining fiscal prudence was important to maintain credibility and stability.
Shares of Public Sector Banks such as State Bank of India (SBI), Bank of Baroda (BoB) and Punjab National Bank (PNB) pared all its losses to gain up to 8 per cent.
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