Friends,
India’s growth rate is expected to drop below 8% this year. If there is going to be growth rate of even around 6% during the current year , I would not consider it to be bad due the fact that it will still be growth and over a much enlarged base. For the stock market it should only prove better as the markets have shed much of their flab and are quite trim at the moment and would respond very quickly to any news of improvement in growth rate and would not react too much in absense of very high growth rate.
Today again Nifty saw erosion in value by 81 points and settled at 4266 points. One thing noticeable, has been that the June series futures now have premium to underlying while till last days trading it was having over 15 points discount. The matket had bouts of selling buying and one stage the nifty had almost recouped entire loss.
HariOm,
krsnaKhandelwal
