Indian Markets may dance to the tune of sharp movements in global commodities and currencies - Microsec

Indian stock market may gain volatility due to sharp movements in global commodities and currencies and also domestic quarterly results. Stock specific actions may be seen on the results. However, corrections in the market should be used to buy stocks across sectors with good visibility of earnings in the long run due to anticipated fall in inflation and interest rates.

Decline in crude oil prices and commodities may eventually bring down domestic inflation to some extent, giving space to RBI to cut rates. Key result during the week are Wipro.

Buy L&T, Dabur, Pidilite, Tube Investment, PetronetLNG IL&FS Transportation for investments. For trading perspectives, ADAG stocks particularly, Reliance Infrastructure and Reliance Capital may appreciate due to truce between the Ambani Brothers.

Source : Equity Bulls

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