The Indian Market Is Going Through A Diwali Cheer Phase As Frontline Indices - Dollar Advisory Financial Services

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Monday 16 October 2017

The Indian Market Is Going Through A Diwali Cheer Phase As Frontline Indices

The Indian market is going through a Diwali cheer phase as frontline indices hit fresh record highs, backed by macro data and steady earnings trend in its first week of the season.

Having said that, these are still early days as companies with good numbers generally declare results in the early part of the season. “Ex-financials, companies in our coverage should have 10 percent growth,” Krishna Kumar Karwa, MD, Emkay Global Financial Services told CNBC-TV18 in an interview.

He expects rural India-focussed stories to do well, especially in the tractor segment. “The valuations are reasonable in some stocks and the government will continue to focus on that segment,” he said, adding that organised retail segment with focus on tier-2 and tier-3 towns were growing as the focus is shifting.

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