Stellar show by Indian markets: Angel Broking

Views of Mr. Vaibhav Agrawal (Head of Research and ARQ):

"Indian markets have put a stellar show this month with Sensex touching 32,000 mark today. While recent macro data indicates weakness in the economy, the relatively smoother GST implementation has been taken positively by the markets. This key reform has a good potential and is expected to be positive for the economy and trade. We also note that the weakness in the IIP data and lower inflation numbers have made a case for a rate cut by RBI, and we remain optimistic about this. Overall we are positive on the markets in the long term. Some profit taking may offer opportunity to accumulate quality stocks."

Source : Equity Bulls

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