In the near term, the government will try to keep the impact of GST least disruptive as possible
Anand Tandon, a Market Analyst, said the market trend will remain upwards as long as the global markets remain bullish. The local market bull rally, is not exceptional, when compared to other emerging markets. he added.
Market has rallied a lot from February lows and it is normal to see a correction of 7-8 percent after a big run feels Shankar Sharma of First Global speaking to CNBC-TV18 on a day when the Nifty slipped below the key resistance level of 8,750.
It is the right time to invest in the Indian equity market but one must have a patient two-year outlook going forward, says Tushar Pradhan, CIO, HSBC Global AMC, India in an interview with CNBC-TV18.
Shankar Sharma of First Global says that while he is not predicting a 50 percent market crash like it happened in 2008, the market is headed down and with similar speed that one saw back then.
There is a clear sign of the number of traders increasing as the trading volumes rise, says Shenoy. He argues against shorting for now rather recommends going long for the mid caps and small caps.
In the new year, India will be getting into election mode. A lot depends on the election results. If things turn out right, investors are expecting the broad indices to go up by around 20 percent. And if that happens, there is a chance that Mid-caps will actually do better than the Sensex/Nifty.
Disappointing day for the market as relief rally driven by short covering and recovery in China market fizzled out in late trade.
Relief rally seen today in the market should not be misunderstood as an uptrend, as markets will remain rangebound till expiry on Thursday.
Investors must focus on mid cap companies now as market is likely to consolidate after a huge rally and large caps may not offer similar gains as earlier, says PN Vijay.
The market did not have a good day and the closing was not great, below 5700, high volumes, poor breadth with the mid-caps and small-caps getting completely clobbered today. There is a probability that the market might be getting oversold.
It was a very volatile session. At one point the Nifty was down to 6020 level. It looked like it was breaking down particularly the broader market which looked quite shaky.
We had a good day yesterday. The Nifty climbed to 6,050 and the Sensex touched 20,000. Earnings have been good so far
Udayan Mukherjee, managing editor, CNBC-TV18, explains that the day wasn‘t great for trade. The market started off handicapped by global cues over the weekend and the Asian markets looked very soggy as well.