The markets seemed to be taking some direction off late after the kickstart of the Results season with the Infy results and TCS results trickling in. The mood set in by the results of the IT behemoths are pole apart whereby Infy results disappointed the markets and TCS made spectacular strides.
The Global cues too don’t seem positive as of now and nothing positive has crept up from our Leadership and Economy as well except for the fact that the RBI Governor has clearly indicated that the FII flow, FDI and Economy needs to be boosted by the Govt and it is not his Job, this statement has thrown cold water on the Face of the market participants who were expecting some relief at least this month during this month’s RBI review meet.
Overall the markets seem to be in the consolidation mood and there could be some drastic moves next week after the trend setter this week…
(Inputs Mr. Hemanth .V, Faculty TA, Stock Market Institute, Bangalore)