RBI Policy, Q4 No.s to Set Market Pace
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.”