Thursday, 5 February 2015

Investment Analysis on Indian Nifty Market

The recent few days saw the Nifty touching record highs on consecutive days and then consolidating on dismal Q3 earnings. Market expert Udayan Mukherjee believes the fall in the market could have had a darker red hue had it not been for the most important financial event – the Budget. In an interview to CNBC-TV18, Mukherjee says the Budget trigger is proving a strong support for Nifty, which is trading ahead of itself. He says a 200-300 points correction would have been just fair given the way the corporate earnings have disappointed.

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