Today`s Market View 28th June 2022 By S Ranganathan, LKP securities
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Today's Market View By S Ranganathan, Head of Research at LKP securities
"While the confluence of factors like War, Oil and Currency strength of India tempted FII’s to book profits on the back of premium valuations relative to its peers, the narrative could likely change if any of the above factors were to alter going forward. As the rupee hit fresh lows today, we did see selective buying interest in exporting companies as smart investors begin bargain hunting by putting global macro worries behind. In a rather range-bound trading session today as deliberations of the GST council gets underway, Autos displayed strength yet again on the back of new launches ahead of their monthly numbers"
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