dr gs sood
THE market is firmly in the bull grip with economic fundamentals gradually catching up. Though there may be a correction in the short run as the valuations appear a bit stretched and most of the near-term positives have already been factored into current valuations. Also, some large public sector offerings are likely to hit the market soon. The long-term view of the market remains bullish. Economic growth for the April-June quarter is likely to be the highest of the previous eight quarters on the back of the sheer change in mood and sentiment. The signs of cyclical recovery are very much visible in industrial output, exports and corporate performance.