Markets were down today, it is indefinite trend due to the election season. Markets don’t like uncertainties. The markets,though down, mid cap stocks did well. Results have been o.k. So the stocks are stable than the september fall. Goldman report says, the emerging markets will do well, and growth will double digit. Regarding the Indian Market though company results might be good elections will play an important part for sometime.
Fundamentals are strong, compared to the 1990 and early 2000. Economy is on a firm footing due to good collection of taxes and demonetisation. Much money is not in real estate, due to circulation of tax paid money prevalant. The unaccounted money, has not come out due to difficulty in trading due to GST. In future markets are bound to improve due to GST success and more money in official channels. Ease of transactions, will lead to a good stock market.
