If he hangs his boots, railways minister Piyush Goyal, who served as the interim finance minister when Jaitley was undergoing treatment, may step into his shoes. However, other names are also doing the rounds for this post. 

“In this environment, we expect domestic cyclicals which include industrials and financials to outperform,” said Vijay Chandok, managing director and chief executive officer, ICICI Securities.

The group, headed by former RBI deputy governor H R Khan, has also pitched for liberalised investment cap, review of prohibited sectors for foreign investment for FPIs, permitting FPIs for off-market transactions and review of restriction on sovereign wealth funds for investment in corporate debt securities.