gfiles magazine

June 25, 2016

Positive signals

strong macro fundamentals with the March quarter GDP at 7.9 per cent giving a full year GDP of 7.6 per cent has bolstered the confidence in the market to such a level that most experts are of the considered view that the Indian market has de-risked itself from most of the global headwinds, be it the Fed rate hike, the Chinese turbulence, strengthening Dollar, Brexit or whatever. Most of the macro signals are also positive for the market, including the improving corporate profitability that was probably highest since June 2014, better auto sales numbers, increased cement dispatches, increased bank lending to customers, improving savings data and so on. 

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