gfiles magazine

September 8, 2016

Watch the earnings

Post GST, the appointment of new RBI Governor and a good monsoon, there is no trigger that is likely to impact the market significantly. The market may, therefore, witness some profit booking in the short to medium term though the long-term bull market scenario remains intact. The market has not reacted sharply to the announcement of new RBI governor who is by and large expected to follow in the footprints of Raghuram Rajan, keeping inflation in check as the main objective for future  policy pronouncements.

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