Advantages of Low oil price and US Dollar, outpaced by farm loan waiver and interest rate hike by the US Fed. Supported by a likely reversal in oil prices and FII selling should take the market to October lows and make it attractive from there.
As the nation goes to polls, markets get into consolidation. Expected correction is not steep, which means the next upside is going to be strong. Along with Cement & PSB’s, Auto & Pharma have become leaders for the 2019 market rally.
A short correction after a good rally the market had in March. It is likely to exist for a couple of days before next rally. Sectors getting strong are Cement, PSB’s, etc. NBFC’s which went into a big drop in 2018 have started shining with leaders like Bajaj Finance...