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Sharekhan has come out with a report "Value Guide". The research firm has stated their view on markets and stocks.
February 11, 2011 / 09:36 IST
Sharekhan has come out with a report "Value Guide". The research firm has stated their view on markets and stocks.
Value Guide: Volatility gets an extension, Top picksVolatility gets an extension:It has been a sombre beginning for this equity market this year. The benchmark index registered a double-digit decline over the past one month even as the equities markets rallied globally. In the year to date India is the second worst performing market globally with Egypt being the worst. Our market dropped on macro-economic concerns of persistently high inflation, hardening of interest rates and an unexpected sharp slowdown in the industrial production. Even though corporate earnings for Q3FY2011 were largely in line with expectations, the market witnessed earnings downgrades in several companies across sectors on account of concerns related to margin pressure from the rising raw material cost and spiraling energy prices. The eruption of social unrest in Egypt and some other countries in the neighbouring region towards the end of the month added to the market
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