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Saturday, 14 May 2016

Eqity Market Weekly Wrap by Moneymaker Research

Indian equity markets registered modest gains in the week ended Friday, 13 May 2016 buoyed by the passage of key legislation viz. the Insolvency and Bankruptcy Code, 2016 by the government in the Parliament which is expected to help creditors recover bad debt faster. The market gained in three out of five trading sessions. The Nifty rose 81.45 points or 1.05% to settle at 7,814.90. 

On the macro front, the data on Thursday, 12 May 2016 showed acceleration in consumer price inflation in April 2016. Inflation based on consumer price index (CPI) surged to 5.39% in April 2016 from six months low of 4.8% recorded in March 2016. Next batch of Q4 results of India Inc., macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement o
f rupee against the dollar and crude oil price movement will dictate market trend in the near term.

Investmnet Free Calls
Buy PFC future above 176.5 targets 179, 181.5, 184 Stop Loss 171.5
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