There may be speculation but also some short term funds selling. As many can expect a tightening deficit budget is going to be the objective.
Corporate tax and personal tax may be lowered ahead of GST. Many industries will wait for the detail or exemption or inclusion.
To our perspective. Help those areas in need but definite not handling out cash. As this will increase wastage as the criteria to receive the money is too general.
In general, fiscal policy is a tool to influence the economy with objective. I bet the most critical objectives now are to reduce budget deficit; channel resources to grow high margin industries and realign growth via human factor development like education and social welfare.
The market will very much depending on the budget to build it’s next 2 quarters trend before GST starting in April 2015. We continuous recommending good stock pick and away from speculative play.