look news india
Nipun Mehta says that profit booking has come from upper levels in the market. Despite this, the market situation remained good compared to the global market. Despite FIIs turning towards China, stability in India is good. The American market got good gains after the interest rate cut. Japan has recovered after falling two months ago. Funds came from FIIs after the announcement of incentives in China.
According to Nipun Mehta, interest rates are also decreasing in India. The initial results have not been so good. Sector wise results may be good in the second quarter. There is a lot of liquidity in the market. Increasing IPO does not reduce liquidity.
According to Nipun Mehta, rural demand has improved this year. There will be an increase in rural demand in the coming quarter. Rural inflation has increased. Further increase in rural inflation will be worrying. There has been huge investment in the power sector this Samvat. The outlook for growth in the IT sector improved in this Samvat.