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

Market enthusiasm continued on the eve of Christmas with NIFTY crossing 10500 on intra day basis. NIFTY as well as SENSEX scaled new highs. Investors were happy with Infy buyback money credited to their account & sentiment in the stock also improved taking it to 52 week high. Metals & reality sector also did well. Optimism is expected to continue due to expectation of NAV based buying till December end. Credit growth of Banking sector has started showing signs of improvement. With improvement in NPA levels, PSU banks are poised for growth phase. However, going forward one needs to closely watch Fiscal Deficit condition of various States.

Source : Equity Bulls

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