Markets rest after its hectic sprint in past few weeks!! - Angel Broking

Mr. Mayuresh Joshi (Fund Manager, Angel Broking):

"The Indian Equity Markets had a range bound day today. Bank Stocks especially the PSU banking stocks fared extremely well, along with results reactions on few pharma stocks which aided the market movement. Sun Tv obviously remained in focus because of the positive news associated with promoters. Telecom stocks continued to remain in the limelight because of the merger/consolidation news doing the rounds in the media circle. The RBI policy outcome is keenly awaited and watched out for and looking the borrowing programme that the government has embarked upon, it seems plausible to ascertain that as the inflation trajectory continues to improve, few more cuts can be expected in the coming quarters."

Source : Equity Bulls

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