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So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.

26 Jul 2016


Market view for the week
The market is eying the future and option expiry this week where the sentiments are still looking much more positive on GST Bill. Last week tug of war has been witnessed by the market but still bulls are more favorable. Some short coverings and roll overs could come into the play later this week. Banks are volatile and range bounded. FIIs are bullish on Indian market and continuous buying is on. India is more stable at current levels.

On account of problems pertaining to developed markets, emerging markets look favorable from an investing point of view. There are flows going into EMs now and India is a beneficiary of that. Markets world over are in a precarious position right now. Market sentiment indicates expectation of a hike in the interest rate by the US Fed.

Judging from the quarterly earnings announcements so far, earnings growth for the current financial year is unlikely to be around 18 percent estimated by a majority of analysts. The number to be toned down in the coming days. The only positive is that the market is a bit more realistic about the problems facing the economy, and also that policy measures are underway to redress many of the challenges. Liquidity will be the key driver of stock prices in the near term as foreign investors are pouring money into the Indian market. Those who are already invested is that prices are not yet in the irrational zone and could climb for some more time. Those looking to buy afresh should wait for a while as the risk reward ratio is not really favorable.

Stocks to watch: NOCIL is on the upside while ACC is on the downside.

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