Fundamental Weekly Wrap

OUTLOOK

 

The much awaited annual forum in US concludes without any clear signal on what options as the US central bank will use and when. This looks neither negative nor positive, basically its wait and watch policy for everyone.

 

On domestic front the markets closed on Friday below 18 months low and most of the shares are trading at their 52 week low. The political instability still continues. One should select value stocks from them for longer term perspective.

 

Coming to this week it is going to be a short week with only 3 sessions available for trading. We have the important Q1 GDP data coming this week expectations of 7.6% by consensus. Other statistics like the monthly auto sales numbers and cement dispatches numbers will also come this week.

 

The volatility in the market is to continue and we maintain cautious view on markets.