"It is very good to see that the Govt. is back into action after Bihar distraction. If it still continued the reforms push, we are very confident that the medium- to long-term implications for the market would be positive," said by Pankaj Sharma.
The Govt. declared a spate of policy changes on yesterday, which are good for the economy as well as for the markets in the short to medium term. Moreover, a rally in stocks will be a function of other variables as well.
The reform process sends out a positive indication to investors, but revival in corporate earnings as well as capex cycle will be critical to give markets the much-needed boost.
The Govt. declared a spate of policy changes on yesterday, which are good for the economy as well as for the markets in the short to medium term. Moreover, a rally in stocks will be a function of other variables as well.
The reform process sends out a positive indication to investors, but revival in corporate earnings as well as capex cycle will be critical to give markets the much-needed boost.
"Despite better performance by India Inc on the earnings front in Sep Q(quarter), the market corrected due to global cues and, thus, most of the stocks are now available at better valuations. The govt initiatives would provide better growth overview & boost the fundamentals of the economy," said Tushar Pendharkar, Research dept Head at Right Investment Advisory Services.
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