Weekly Market Quote - Anita Gandhi - Whole Time Director at Arihant Capital Markets

"Overall the week saw positive trend. During the week govt made announcement of Recapitalization of PSU banks & that completely changed the sentiment in PSU banks specially SBI, PNB & BOB. Announcement of Infrastructure spending package led to rally in L&T & other infra stocks. FIIs turned out to be net buyers in cash segment after these announcements. Maruti came out with good results ensuring growth is on track. However, listing of GIC Re during the week was disappointing. Undertone for next week remains positive. However, NIA issue next week will suck good amount of liquidity from the market".

Source : Equity Bulls

Keywords