Budget brings a big blow to the perfectly bullish market. A chance for portfolios to do the next churn. The housing sector was showing signs of strength after the Gas industry having leadership in the last 6 months. Changes in taxation, giving the option to do away with exemptions brought a windfall to the Insurance and Housing sector.
Markets overdid the fall as though Indians have bought homes only for tax saving. The correction will be short-lived and markets will bounce. The polarization that came from 2018 is over now. SENSEX will go down or consolidate in the next ride giving space for mid and small business stocks to do their run.
It is a good time to be invested and profit from one of the biggest market rally of its history.