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MARKET UPDATION

Dear Friends,

With Corporate House supposed to deposit their half year advance taxes, there is likelihood of market undergoing moderate correct followed by consolidation. Overall, we are comfortably placed ; I believe.

Following factors are likely to play in favour of Indian markets -

US Fed hike delayed for the time being ; could take place in Dec 16.

If buying by FIIs in Indian market match or are near about the figures in last month, would be good.

Good monsoon ; bumper crops expected after a gap of three year when India was confronted with near draft like situation.

Focus on GST ; going to be placed before.

Central Government employees and pensioners are going to be cash rich on pay out of benefits to them soon. Money to go to the consumer goods and automobiles.

These are just my assumptions. However, my loving members can take their own call, too.

Tilak
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