We have lots of confusion around it. Today, I expect further consolidation. Global cues are negative today and Crude oil touched $62 per barrel. The secnario not change for global markets. Global industrialised economies are yet to turn the corner.
Making a fresh entry at this juncture should be done in smaller quantities. Gradual buying is recomended on every meaningful dips to reap a bumper harvest over the medim term.
Some of our economic news:
- Divestment plan is the frist thought to power ministry.
- LIC to invest Rs500bn into euity markets
- SEZ exportd profits likely to get full income tax exemption from august onwards.
- India's steel demand may grow by up to 10% in current financial year.
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