Stock Market View Today
Posted on March 25th, 2008 in Personal Finance) by Motilal Oswal Securities Ltd |
Market View : Positive Bias
The 6th pay comission suggests an increase in pay worth Rs 26000 crores-Rs18000cr worth of arrears and Rs 8000 cr as prospective liabilities. This translates into ~0.5% of GDP in terms of additional burden
US stocks rally, Asia relatively strong after an unexpected increase in existing home sales by 2.9%. US dollar rallies against major currencies. SGX nifty is up 105 points
All are advised to use falls in the market to accumulate stocks . Top picks Bharti , Reliance, Tata Steel, Axis , ICICI Bank