Weekly Market Quote - Teena Virmani, Vice President - PCG Research, Kotak Securities

"Markets will keep a constant watch over remaining set of quarterly numbers and further movement is expected to be largely stock specific depending upon results meeting expectations or any important news flow. Domestically, GST impact is being felt on most of the manufacturers and is likely to persist till Q2FY18 before the benefits of the shift from unorganized to organized start flowing in. Ironing out of issues related to e-way bill is likely to be closely watched out for.

Globally the focus will be on non-farm payrolls data to gauge the chances of further rate hikes by US Fed. Any indications on liquidity tightening from global banks is likely to impact markets negatively as markets are currently trading at fair valuations".

Source : Equity Bulls

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