Sinha bullish on market sentiments

Finance Minister Yashwant Sinha on Friday expressed optimism that the stock market would take his Budget on a bullish note.

"It is better that the markets fall and then rise after realising the implication of the Budget," Sinha said at a Federation of Indian Chambers of Commerce and Industry.

Although the Sensex dipped 3.87 per cent to 3,562.31 points after the Budget presentation on Thursday, it gained 166.44 to close at 3,678.75 points on Friday.

Markets took a hit on Thursday on apprehension that the reforms were being pushed back and the growth stimulus was likely to be lost.

Sinha, however, claimed that the Budget has attempted to strike a balance between fiscal consolidation and growth factor through speedy infrastructure development.

PTI

YOU MAY ALSO WANT TO READ:
The Rediff Budget Special
The Rail Budget 2002-03
The Economic Survey 2001-02
More Budget Stories
Money