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Today's Market
It is going to be an exciting and thrilling event!
19 Feb 17 10:29 PM

The Indian market closed on a high note, driven largely by good news flow.

Last week, HDFC Bank was in demand as the RBI removed restrictions placed on purchase of bank shares by foreign investors after their holding fell below the ban limit. The announcement came on Thursday after the market hours. FIIs rushed in to invest on Friday and within few hours the limit got exceeded by the foreign investors. The demand for quality stocks always persist in the market.

Federal Reserve Chairwoman Janet Yellen had hinted that the central bank could resume a gradual rise in interest rates as soon as next policy meeting in March.  Market players expect the Fed to increase the interest rates three times this year.  We will have to check how the Indian market reacts to the FED interest rise.

Most of the results are out now, and it would be interesting to see how the market reacts. Though bulls are in action Nifty may witness near term correction.  The F&O expiry which happens on Thursday may create volatility in the Indian market.


Several mid cap companies revealed their future plans and interestingly the minnows were expecting to achieve mind boggling targets. For example, Can Fin Homes plan to achieve loan book of Rs 35000 crore by end March 2020. The current outstanding loan book stood at Rs 12688 crore. This means the company expects to increase its loan book by 2.75 times.

RPG Life Sciences aims to achieve revenues of Rs 1000 crore over the next five years. This seems to be a daunting task as it recorded a revenue of Rs 279 crore last year.  Can it achieve this figure? Time alone can tell the answer.

In these circumstances, we are having our monthly investors meet on coming Sunday, 26 February 2017 at 5 PM.  We are going to discuss a lot on how to play the current bull market. Many investors are ready with their presentation and we expect it to be an exciting and thrilling event!

 

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