The Markets

The leading indices are rising and rising purely on back of FIIs purchasing. Biden is sworn in America for America, not for India. So, any kind of enthusiasm on that score is foolish. Our budget is mostllikely going to be a non-event. The corporate taxes at already at low point and may be tweaked to enhance revenue through this source by raising cess or surcharge.

There have been five result declarations for Nifty companies and none qualified for investment. What should then we make out. In simple terms sell out and wait for the right time to invest back in companies that show strength viz a viz price. Any decision for investment should be guided what price you have to even for value stocks of good pedigree.

Nifty closed yesterday at 14570 and Sense at 49792.


Krishna Khandelwal.

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