INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The BSE PSU index was down ahead of Union Budget in Friday's morning trading session.
Shares of NTPC, ONGC, HPCL, IOC, NMDC,
MRPL and BPCL were down upto 3 per cent
The BSE PSU index was trading 0.78 per cent down at 7831.93 around 10:33 am
targets need to be scaled down to maintain credibility
As Baruah of HDFC Bank pointed out, to take care of expenditure, other sources of funds will be needed
Disinvestment may come in handy
Analysts largely expect the Finance Minister to set a disinvestment target of Rs 1 lakh crore to Rs 1.10 lakh crore for FY20, higher than Rs
90,000 crore targetted in the Interim Budget
Meanwhile, shares of YES Bank, Vodafone Idea, GMR Infra, PNB, Bank of Baroda, Dish TV India, Adani Power, SAIL, Indiabulls Housing Finance
and UPL were among the most traded shares on the NSE.