Market View: 17-21 Nov 2014

Filed in Market Update by on November 17, 2014 0 Comments
Week Market View: 17-21 Nov 2014
Market This Week Since last couple of weeks we have been seeing the markets consolidate with a positive bias. During this phase we saw some massive stock specific movement. The FII’s seem to have pumped in close to a billion USD this month. They find India very attractive compared to the other emerging markets. More FII inflow is likely starting this month as there have been a lot of positive expectations from the winter session of the parliament that begins November 24th. Lot of key reforms are likely to be passed. The insurance and GST bill is likely to be tabled as well. So overall we are in interesting times and the market is likely to do well from here on. The government is focused on improving the condition of the public sector banks because without them achieving growth is unlikely. Overall sentiments in the market are positive. Investors are confident that Hon. Narendra Modi led government is all set to deliver. The NIFTY will slowly scale towards 9000 with a few consolidations and minor corrections every now and then. We don’t expect any major correction coming in. Disciplined investors will make huge money in the times to come. All the best!

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