Market Update ... 28 Nov 2014
There seem to be no road blocks in sight to stall the market upmove although intution says market needs to correct to stay healthy.
Liquidity flows from domestic, FIIs and HNIs have so far kept the momentum going for the market.
The worst is behind for SBI and the management too sounded positive ... can look for levels of 400 in 4 to 5 months.
Government’s initial steps to turnaround the Indian economy. And now, steep fall in global crude oil prices is cherry on the cake for Indian equities, whose stellar Bull Run continues.
Hoping RBI governor Rajan to slash rates in the upcoming policy. “If rate cut is not announced on December 2nd, then the market could see a mild negative reaction,”
On the whole we are in pretty much blue sky kind of scenario over here with politically lot of developments taking place positively. We have a Budget where expectations are going to certainly climb higher and higher considering the statements coming in from there. Globally there is a fair degree of calmness with a lot of important indices getting to new highs.
Biggest advantages which today the market has is not only the Indian situation which is benefitting from this but the fact that the global markets are conducive for equity.
There seem to be no road blocks in sight to stall the market upmove although intution says market needs to correct to stay healthy.
Liquidity flows from domestic, FIIs and HNIs have so far kept the momentum going for the market.
The worst is behind for SBI and the management too sounded positive ... can look for levels of 400 in 4 to 5 months.
Government’s initial steps to turnaround the Indian economy. And now, steep fall in global crude oil prices is cherry on the cake for Indian equities, whose stellar Bull Run continues.
Hoping RBI governor Rajan to slash rates in the upcoming policy. “If rate cut is not announced on December 2nd, then the market could see a mild negative reaction,”
On the whole we are in pretty much blue sky kind of scenario over here with politically lot of developments taking place positively. We have a Budget where expectations are going to certainly climb higher and higher considering the statements coming in from there. Globally there is a fair degree of calmness with a lot of important indices getting to new highs.
Biggest advantages which today the market has is not only the Indian situation which is benefitting from this but the fact that the global markets are conducive for equity.
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