Concerns remain, and will kill Nifty

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Concerns remain, and will kill Nifty

Post  marketcalls on Thu Jul 26, 2012 7:25 pm

There are increasing concerns about the Indian market. How about the tone of the market is becoming extremely difficult to understand. Although the Indian market are trading in a narrow range, but after a strong start in Thursday trading session in the 20-40 per cent of the shares of many companies has declined strongly. 5,000 on the Nifty, the Sensex below the 17,000 put. And increasing the market seems to have problems.

Prabhudas Lilladher 's managing director Dilip Bhatt that are currently in the market range-bound trading.Positive signals from the domestic and global markets await.The economic reforms the government should take steps as soon as possible. At present the fundamental perspective, the market appears quite weak. If the conditions remain the same for the next 12-15 months will remain in the realm of Nifty below 5,000.

Kotak Institutional Equities and Sandeep Bhatia said concerns remain about the markets. From the government on economic reforms are a positive step, not raises. On July 31 in the RBI policy rate cut is not possible.

Sandeep Bhatia, the government takes steps towards economic reforms will strengthen the confidence of foreign investors. The IT sector, HCL Tech is a much better showing. In due course of time HCL Tech stock gains can be seen well. Also in fiscal year 2013 earnings of companies are likely to see 9-10 per cent.

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