Monsoon Progress, Budget - Major Triggers for the Markets

Perspective on markets from Dipen Shah, Head- Private Client Group Research, Kotak Securities:

“The markets rose sharply for the week, reaching new all –time highs. Announcement of stimulus measures by ECB and continued optimism on economic reforms in India led to big gains on many stocks, large cap or / mid-cap. Expectations of resolution to the gas pricing issue helped stocks such Reliance and ONGC register big gains.

 

Mr. Dipen Shah, Head-
Private Client Group Research,
Kotak Securities

We see the monsoon progress and the budget to be the 2 important triggers for the markets. We feel that, a progressive budget as well as other reform initiatives will likely lead to continued outperformance of Indian indices v/s emerging market peers.” 

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