2. Infrastructure

There is a lot of hope that once the wheel of the economy really starts to move and once we actually see a pickup in economic activity, capital goods, infrastructure sector - which also includes cement - are going to be the early beneficiaries.

From the Budget angle, investors expect some sops for infra as well as the power space, and hence these two stocks will move, says Ambareesh Baliga, Market Expert.

Stocks to benefit: VATech Wabag, IVRCL, IonExchange, Pratibha Industries, and Triveni Engineering. Also, UltraTech Cement, JK Lakshmi, India Cement, ACC, and Kajaria Ceramics will remain in focus.

3. NBFCs

The Modi government has plans to develop 100 smart cities and had proposed an allocation of 7,060 crore in the last Union Budget. As part of the effort, Japan and Singapore have already taken a lead when they joined hands with the Andhra Pradesh government to build capital which will be a mega smart city, ET reported.

"If the government actually implements the 100 smart cities plan and the low cost housing programmes across, the housing finance companies are going to be beneficiaries of that," said Arindam Ghosh, CEO of BlackRidge Capital reports Economic Times.

Stocks to benefit: Apart from NBFC's, other companies such as Asian Paints, Havell's, Cement companies, Kajaria Ceramics, Supreme Industries, Century Plywood, Greenply, Somani Ceramics, Cera, and Berger Paints will also benefit.