Hello! Here’s a lowdown on top macro triggers that may move the market on Monday. This report was compiled from agency feeds. Market Stays Bullish in 2018 In the near term, most money managers believe the stock markets will remain positive in 2018, with 53% estimating the Sensex will stay in the range of 34,000-35,000 by the time the Union Budget is presented. An increase to 35,000 would mean a gain of 2.8%. The Budget, which will be the government’s last fullfledged one before its term ends in May 2019, will likely be presented on February 1. Indian benchmark indices continued their record-setting spree right up to December 29, the last trading day of 2017, ending the year at all-time high closing levels. Money managers said that while liquidity remains strong, India is losing comfort on other fronts, with rising crude oil prices being the biggest concern for 19% of the polled participants. Fiscal Consolidation Path India may tread the fiscal consolidation path and show an improvement over the previous financial year as it looks to continue spending while dealing with revenue setbacks due to the implementation of the goods and services tax (GST). Policy makers in the government are… Read full this story
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