morning thoughts...
The markets remained in a range as said and expected and is likely to follow the same pattern in the coming session with stock specific moves.
If the World Bank's views prediction is anything to go by, India's growth is going to accelerate at a fast pace next year. As per the bank, GDP growth in the current year is expected to be 5.6%. And is likely to rise to 6.4% by FY16 and 7% by FY17. What is likely to drive this growth will be the full impact of the reforms. Also, the implementation of the Good and Service Tax (GST) would give a boost to manufacturing. As you would be aware, for a while now, the Indian manufacturing industry has been marred by supply chain delays and uncertainty. Regulatory barriers to the movement of goods across state borders have put such units at a significant disadvantage with international competitors. And as the transit times increases, this impacts the overall transit cycle; thereby, reducing the overall competitiveness. In our view, the implementation of the GST could turbo-charge India's economic growth and help in improving competitiveness of India's manufacturing sector. We only hope this time around, this particular reform does indeed see the light of the day as planned.
Last day's calls
Fii Amara raja battery - rose by 45 rs
Jackpot Ranbaxy 600 ca - tripled
Jackpot Sun pharma 800 ca - tripled
Double bumper sbi 2600 ca - doubled
Icici bank - rose 65 rs
Copper - rose 5 rs
Gold and silver hit stoploss
The markets remained in a range as said and expected and is likely to follow the same pattern in the coming session with stock specific moves.
If the World Bank's views prediction is anything to go by, India's growth is going to accelerate at a fast pace next year. As per the bank, GDP growth in the current year is expected to be 5.6%. And is likely to rise to 6.4% by FY16 and 7% by FY17. What is likely to drive this growth will be the full impact of the reforms. Also, the implementation of the Good and Service Tax (GST) would give a boost to manufacturing. As you would be aware, for a while now, the Indian manufacturing industry has been marred by supply chain delays and uncertainty. Regulatory barriers to the movement of goods across state borders have put such units at a significant disadvantage with international competitors. And as the transit times increases, this impacts the overall transit cycle; thereby, reducing the overall competitiveness. In our view, the implementation of the GST could turbo-charge India's economic growth and help in improving competitiveness of India's manufacturing sector. We only hope this time around, this particular reform does indeed see the light of the day as planned.
Last day's calls
Fii Amara raja battery - rose by 45 rs
Jackpot Ranbaxy 600 ca - tripled
Jackpot Sun pharma 800 ca - tripled
Double bumper sbi 2600 ca - doubled
Icici bank - rose 65 rs
Copper - rose 5 rs
Gold and silver hit stoploss
