There is no leverage issue in the country. Banks, companies, households, all are in pretty great shape. I would assume there is not much of a political/social negative surprise over there.
Dimplekumar Shah foresees Sensex hitting 80,000. Market faces volatility due to geopolitical concerns. Strong GDP and earnings growth expected. Global inflation affects rate trajectory. BJP manifesto impacts sectors. Equity culture on the rise. Shah further says: "Technically speaking, May has been a positive month 7 out of 10 times in the last decade. However, the derivatives market is suggesting a range bound setup as of now."
Rakesh Parekh talks about the key drivers for the market a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: "We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity."
Sensex, Nifty likely to open on negative note - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.