Indian equity benchmarks were completely lacklustre in early trade. Indices remain in a tight range for the sixth day in a row - the Nifty has been moving in a range of 5500-5550 despite positive US cues.
The market may remain in a narrow band over the next few months. "The market looks fairly priced at the moment, but the uncertain macro environment indicates that risks are to the downside. We believe the market may remain in a narrow band over the next few months, hence investors should consider focusing on accumulating good quality names that have strong balance sheets and earnings visibility."
The market may remain in a narrow band over the next few months. "The market looks fairly priced at the moment, but the uncertain macro environment indicates that risks are to the downside. We believe the market may remain in a narrow band over the next few months, hence investors should consider focusing on accumulating good quality names that have strong balance sheets and earnings visibility."
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