Market Watch : Rajesh Agarwal Jindal

Rajesh Agarwal JindalMarkets are expected to see some profit booking next week after this week’s rally. Overall the investor’s sentiment is expected to remain positive as all remain are hopeful of an economic turnaround.  While the process of returning  Asia’s third largest economy back on the high growth trajectory is bound to be an extremely challenging task for the new Government, most investors now seem to believe that the worst seems to be over and the major sectors of the economy seem to be looking up.

The markets would primarily take cues from the IIP and inflation numbers expected to be announced early next week.

(Rajesh Agarwal Jindal is the Head of Research of Eastern Financiers Limited)