OIL & GAS SECTOR: Government proposed to give incentives for gas discovery and production. Budget proposes incentive for deep-sea energy exploration. Shares of ONGC, RIL gain up to 2%. Universal cooking gas distribution scheme launched. Rs 2,000 crore allotted for 1.50 lakh LPG connections in the name of every woman. As many as 5 crore BPL households to be covered in two years.
Advantages : IOC, HPCL, BPCL, ONGC, Oil India, Cairn India, RIL
POWER SECTOR: Comprehensive plan to be executed to boost power production throughout India especially in the rural sector.
Stocks towatch out for: Reliance Power, Jindal Power, Tata Power, Adani Power, Kalpataru Power Transmission, Thermax, PTC India, CESC.