RBI Pol­icy, Q4 No.s to Set Mar­ket Pace

The Economic Times - - Smart -

been dis­counted. Any­thing above that will sur­prise and move mar­kets. More im­por­tantly, RBI’s take on liq­uid­ity and its fan chart on in­fla­tion will be key,” said Sachchi­danand Shukla, se­nior vice-pres­i­dent, at Axis Cap­i­tal

For­eign in­vestors have been on a buy­ing spree, pump­ing over ₹ 27,100 cror­ein­toIn­di­anequitiesinMarch. In Jan­uary and Fe­bru­ary, they net sold shares worth ₹ 19,300 crore.

Mar­kets will closely look at what the cen­tral bank would do to ease liq­uid­ity, said Shukla.

An­other fac­tor that will drive the mar­kets will be the re­sults sea­son that will kick off soon. “The earn­ings sea­son is around the cor­ner and one shall start build­ing po­si­tions in the stocks that are likely to de­liver strong PAT growth,” said Vivek Ma­ha­jan, head of re­search at Aditya Birla Money. “One should be very cau­tious and only buy qual­ity stocks with a steady earn­ings tra­jec­tory in a stag­gered man­ner from medium to long term per­spec­tive.”

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