Weekly Newsletter - July 4 2009

We've just gone past another winning week, not to mention the turmoil associated with ekeing out some gains. The Economy Survey gave its dose of ifs and buts. The railway budget on Friday had a long list of trains but whether plans of private-public partnership get on track only time will tell. The big event, (some have already termed it non-event) is on Monday when the budget will be announced. A lot of impetus will be given to infrastructure and social spending for sure. The big question would be where will the rupee come from as by now most of us could figure out where most of the rupee goes. Chances of big bang announcements are least expected this time. Unless the Finance Minister announces something terrible for the market, there is nothing much to fear. The global cues, as always will take control sooner than later.