Action Time For Traders & Wait And Watch For Investors
To begin with, I must say that the market conditions are looking better than they were 15 days ago. The contribution from the banking sector and the widening of market breadth has added to the positivity. Overall, there is bullishness in global equities too as a stimulus is expected to be announced in US’ economy. Positive economic data, expectation of stimulus in the US, low interest rate regime, ample liquidity and the pandemic situation under control are the major factors driving this positive sentiment in Indian markets. We believe the next one-two months are going to keep the market very volatile with wild fluctuations.
To read the entire article, you must be a DSIJ magazine subscriber.