Said, In an exclusive interview to CNBC-TV18. The key cues to watch out for, though, would be how the government tackles the issue of fiscal deficit and disinvestment, Khade said.

“If government comes out to be positive in terms of fiscal deficit or for that matter what it intends to do for infrastructure and it is far more clear in terms of what it intends to do in the next couple of quarters, then, I think, it will be mildly positive but I’m not sure whether there will be drastic moves because of the budget per se,” Khade said.

On sectors that may be in news due to the budget, he said: “Irrigation and education have always been the best favourites post or pre-budget because most traders punt on these sectors whenever there is any positive statement made during the budget.”

We have had two events in this quarter, one was government formation and the other is the budget. While there were no expectations from the government formation and it positively surprised the market, we got 40 days to keep discounting what can come out of the budget.

source: CNBCTV18