Market View: Week Starting 29th MAY 2017

Filed in Market Update by on May 29, 2017
Week Market View: Week Starting 29th MAY 2017
View Last week the NIFTY closed at 9595 registering a gain of 1.7% over previous week. The markets continued to show strength. The midcaps regained their lost ground and the bank stocks too showed strength. The bank NIFTY experienced heavy volumes due to good money inflow. The current rally is definitely not a reflection of the earnings but seems like it’s a reflection of reforms like GST and the markets seem to have re-organised itself. The world has a positive outlook on India as our macros are very positive. Though there could be corrections coming in after rallies, lot of money will be poured in when the markets correct, so don’t expect a huge correction. The markets are full of opportunities now. This week we expect the markets to cool down a bit after the May derivative expiry. Good time to be a part of the markets. All the best!

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