Linkages between the two markets are more pronounced in a downturn, but that may not be the case when the market is on a strong footing. In 51 instances, when the Nifty dropped over 10%, the S&P 500 notched up gains on 13 instances.
Porinju Veliyath highlights Ixigo, Protean and Indegene as strong long-term investment picks
I do not think budget is going to make any sea change to the situation. Budget, I do not think people are having much expectation.