gfiles magazine

August 12, 2016

Avoid panic buying

THE BSE’s market capitalisation (the aggregate value of companies trading on BSE) reached a record high of `108.03 trillion on July 25, 2016 on the back of strong macro fundamentals coupled with good monsoon, possibility of passage of GST Bill at the earliest and stable corporate earnings that are likely to grow in double digit during FY17. Macro indicators show broadening of the recovery driven initially by public capex and FDI and now led by improving consumption expenditure. Growth estimates have, therefore, been revised from 7.5 per cent to 7.7 per cent for FY16 and 7.8 per cent for FY17.

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