Quote on Market by Dr. Joseph Thomas, Emkay Wealth Management
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Below are Quote on Market by Dr. Joseph Thomas, Head of Research, Emkay Wealth Management.
“The equity markets trended higher for major part of the week, barring a flattish closing on the last trading session of the week. The market strength was well supported by IT, Metal and Pharma stocks. The healthy set of earning numbers from IT majors buoyed sentiments. Even as the FIIs remained net sellers, the markets received support from DIIs. Overall the sentiment is positive as there has been a robust start to the earnings season by the IT companies. For the coming week as well the focus would remain on earnings and this factor may dictate the market direction. On the global front the factors to monitor would be macro-economic data coming out of US, such as Housing Starts and Jobless claims.”
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