Budget 2017: Mkt Unlikely To See Lasting Impact Of Budget, Says Chris Roberts - Dollar Advisory Financial Services

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Wednesday 1 February 2017

Budget 2017: Mkt Unlikely To See Lasting Impact Of Budget, Says Chris Roberts

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The Budget is not likely to have lasting impact on the index, trusts Chris Roberts of Asianomics Group. The current uptrend will generally proceed with independent of the Budget result. Addressing CNBC-TV18, he said that drawback for the market is restricted and it is probably not going to draw near to 7900 check.

India could likewise test 9000 this year and move onto 10,000-10,300 level in the long run. The developing markets are seeing more premium at this point. James Sullivan, Managing Director-Asia Equity Research, JPMorgan is of the view the legislature may take a gander at moving monetary shortfall to 3.3 percent as they need to fortify the economy. As indicated by him, by and large the economy has weathered the demonetisation much superior to anticipated.

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