According to Deven Choksey, government would probably discuss fiscal deficit which is much healthier, but there is unlikely to be any change in market movement due to Vote on Account on Monday.
According to Deven Choksey, government would probably discuss fiscal deficit which is much healthier, but there is unlikely to be any change in market movement due to Vote on Account on Monday
Ahead of the Vote on Account on Monday, analysts believe that since it is just an interim Budget, there are unlikely to be any major changes on the policy front. Deven Choksey, MD, KR Choksey Shares & Securities believes that interim budget is a non-event and so, there are no expectations.
According to him, the government will just review the sum of accounts. People might feel a bit more happy at the end of the day from a fiscal deficit perspective because of the kind of money that government received through the telecom spectrum auction and the cross selling of the IOC shares.
"Government would probably have fiscal deficit which is much healthier, but I do not have any other view on Vote on Account as far as the market is concerned," Choksey said.
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