Below is the View On Fundamental Market views by Mr Rahul Shah, VP- Equity Advisory - MOSL
"Markets took a breather after a long three months , this was in sync with the global markets where all of them were down 1-1.5 percent down . Basically we saw sell off mainly in financials . Where nifty bank was down 4 percent from near term high . The main reason For the sell off was couple of things geo political tensions and weak quarterly performance from the numbers reported in last few days . How ever we believe markets looks good in near term , recent correction of 2.5 percent nifty augurs well for investors, while nift is down 2.5 %while stocks are down anything between 7 to 10 percent . Good monsoon , improving macroeconomics and GST all augurs well for the market . It's jus a small break in the party , but party is still onnn!!!!"
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