Daily Market Strategy:- Peaceful start… With good riddance to bad August, the investors are hoping September brings about some recovery for the market. The monsoon session of Parliament has been extended till Friday and a lot of attention will be on what our political leaders can do to support the economy. The pension Bill, the the FDI cap of 26%, the insurance Bill, which seeks to raise the FDI limit to 49%, FEMA regulations to enable rollout of FDI in multi‐brand retail and the controversial Right to Information (Amendment) Bill, 2013 are on top of the agenda. The outlook is a flat start for our market. The Asian market cues are positive for now. The trigger is that after two quarters of slowdown, China’s economy appears to be gaining strength. The Purchasing Managers’ Index was at 51.0, the National Bureau of Statistics and China Federation of Logistics and Purchasing. A separate manufacturing PMI released today by HSBC Holdings Plc and Markit Economics rose to 50.1 last month from 47.7 in July. The finance ministry has asked the RBI to consider if export credit could be included in priority sector lending of banks, says a report. slinvestments.in
Posted on: Mon, 02 Sep 2013 04:21:59 +0000
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