India Policy and Reforms
India Policy and Reforms
TREND | 06 Nov 2017
Religare
Going forward, in the near term, Indian stockmarket focus on the on-going quarterly result season would continue with high stock-specific action. As far as the medium-to-long-term is concerned, after seeing some slowdown post demonetization and the countrys transition to the new tax system (GST), the domestic economy is expected to gather some steam, also aided by the concentrated efforts of the government. The only challenge from the near-term perspective is the fact that valuations seem to have run a bit ahead of their true worth and thus we do not rule out heightened volatility in the months ahead for the market. However, at the same time, every dip should be taken as an opportunity to enter the market with an investment horizon.
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