Anil Singhvi, Managing Editor, Zee Business, says, the Budget has been good for the market and no negative news means good news and the market knows it. The good thing is that the year's budget is strong in terms of intentions and is quite transparent. During a candid radio chat with RJ Salil Acharya, Radio City, 91.1 FM, Mumbai, Mr Singhvi said, I like cement stocks the most after the budget and people can invest in mid-cap and large-cap cement stocks, like UltraTech Cement, Shree Cement, Sanghi Industries and Orient Cement. He added, my all-time favourite ITC along with L&T will remain strong, this year. 

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Starting the radio chat RJ Salil said, Managing Editor Zee Business has said earlier, that if you do not want to see more fluctuations in the market then give a normal budget, which is growth-oriented and the same has happened. It seems that FM Sitharaman has heard him. Adding to that, he said, you said that insurance among others will be bullish and the same is happening. To which Mr Singhvi said, absolutely and the Budget has been good for the market and the best thing is that no negative news means good news and the market knows it. The good thing is that the year's budget is strong in terms of intentions and is quite transparent, i.e. the jerks' people and the market get after going through the fine prints of the budget has not happened and the market has liked it. Also, the budget was a bold one, the government is ready to spend to bring back the growth. So, what we were saying, this time, the economy will get the vaccine of growth, and the finance minister has given the growth vaccine through the budget to the market and the country.

Continuing the chat, RJ Salil said, about the disinvestment, the government has said a valuation of a certain amount for its units, like Pawan Hans among others. It is similar to when we think about selling off the house, but its value depreciates. So, do you think the decision can put some pressure on us in the next 1-2 years if the companies are not sold at the decided valuations? Mr Singhvi replied to the question by saying, you and I have limitations, as we have a property or two to sell or few more, but the government has no limitations, as it has a lot of things. Whatever stake it has in the PSU companies today is around Rs 10-12 lakh crores, so in that sense, if the government has a lot of options. But, I feel, the market is strong, and the government intends to make a strategic divestment, then the target of Rs 2.27 lakh crore that the government has set can be achieved this time. 

RJ Salil in his next question asked, what is the next level because the budget has happened and the recovery has happened, so what to expect? Mr Singhvi said, the best thing is that the downside risk for the market is reduced, it never ends. The equity market remains volatile but after the budget, the downside risk has reduced. And, if the global market is good and does not run or just not fall then also, we have the chances to rise. From here, I feel, that Nifty can cross the 15,000-level from here. So, there is an upside, but from here you get good opportunities to make money from the market in the mid-cap and small-cap stocks. And, after the budget, there are many sectors and stocks, that are ready to go bullish from here. 

After this RJ Salil enquired about the sectors that Mr Singhvi has identified that can benefit the investors. And, Mr Singhvi said, after the budget, I like the cement stocks the most because the government has a great emphasis on infrastructure and it will benefit, so, you can opt for the mid-cap and large-cap cement stocks that you like. Shares like UltraTech Cement, Shree Cement and in small Sanghi Industries and Orient Cement will remain strong. Also, the PSU banks are looking very strong as the government banks are going to be rejuvenated. The government is preparing to create a bad bank. So, you can buy any PSU bank of your choice from SBI to Bank of Baroda (BOB) to PNB. Besides, purchases can be seen in select pharma stocks, like Cipla, Aurobindo Pharma and Divi's lab, these are some pharma stocks where you can see a boom. And, the all-time my favourite, and the 'Stock of the Year', ITC - as nothing went bad for it and there is no increase in tax - will remain strong this year, along with L&T.