Markets expected to remain volatile over the next few days ahead of Rail Budget

मुंबई Mumbai: Ahead of Railway Budget over the upcoming weekend, the market is expected to remain volatile over the next few days. At the moment, the market is at the upper end of the trading range, he says. As expected, there will be a lot of noise in the run up to the Budget. But Dutt does not expect major changes on the tax front in the Budget. The Budget needs to be a radical, out-of-the-box type of a Budget. If it indeed turns out to be a Modi Budget, or if finance minister Arun Jaitley truly manages to deliver, there will be a big rally in the market. As far as the Railway Budget goes, all positives that may come from it are already priced in. Certain core issues have been plaguing the Railways for many years now and if Suresh Prabhu has to bring the railways back on track, there is a need for some radical decisions on that front as well. Coming back to the markets, despite most investors increasing their IT play, IT is a crowded trade right now. Investors move money from the IT sector to some of the riskier assets and to buy banks on every dip. Indications are that the Nifty hitting 9500-9800 in the next 12 months.