- The bulls led the markets higher on Monday after there appeared to be clarity on the global front. The trade deal showed genuine signs of progressing while the Conservatives appeared to have an edge in the UK elections
- All eyes will be on the GDP numbers over the weekend. The consensus estimate is closer to the 4.2% mark and any deviation will be of interest. Anything below 4% will be seen as a negative while anything above 4.5% will be positive.
- FPIs were net buyers to the tune of Rs.961 crore while DFIs sold Rs.214 crore on Monday. For the month of November till date, FPIs have infused close to Rs.19,000 crore with more than 95% of the flows coming into equity.
- The US and UK markets showed tremendous bullishness on Monday with positive progress on the trade deal and also on BREXIT. SGX Nifty is also in the positive and the momentum looks likely to continue for now.
- NTPC could be the stock to watch out for. With the proposed merger of NEEPCO and THDL into NTPC, it is likely to expand their capacity. Also, the stock is a good dividend yield bet and one can target Rs.150 in one quarter.
- It is time to be cautious on Bharti Airtel after the frenetic rally of the last few weeks and especially after the recent debt downgrade of the company. If you are long, then look to book profits out of Bharti.
- Zee may continue to be under pressure with the exit of the founding chairman of the group. Despite most of the pledge pressure out of the system, the business uncertainty in the immediate future continues for the stock.
- The momentum in the market is positive and Nifty and Sensex will look to build on the advantage of being at new highs.
