Indian Share Markets are likely to do well in October, 2017

Indian Share Markets are likely to do well in October, 2017 which has historically been the weakest : V K Sharma, Head - PCG & Capital Market Strategy, HDFC securities

The comments by Mr. V K Sharma, Head - PCG & Capital Market  Strategy, HDFC securities on NSE’s NIFTY scaling new lifetime high.

"The Nifty scaling a new life time high is no news as we are only following the American, European and other Asian markets.

The corporate results , globally are going to be better, the minutes of the last Fed meeting were also dovish. With domestic investors dipping their toes in the equity markets at an accelerated pace , the process of making new highs in the markets is likely to continue beyond the immediate highs.

While the Nifty has made a new high in September, 2017 the SENSEX has not.

So the markets are waiting for the Sensex to cross the new highs made in
August.

V K Sharma, Head - PCG & Capital Market 

Strategy, HDFC securities

With the festive mood in the air, markets are likely to do well in the October month, which has historically been the weakest."

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