Monday, July 11, 2011

Wealth Monitor :


The market continued its upward trend, backed largely by FII inflows. The markets are likely to remain range-bound in the short term and take cues from the first quarter results.


Food inflation fell marginally to 7.61% for the week ended June 25. with diesel prices being hiked, the overall inflation is likely to remain high. This could make the central bank raise interest rates by another 25 basis points when it meets to review its monetary policy. Hence, fixed income investors are likely to remain invested in liquid and short-term funds.


With global uncertainty still remaining, the yellow metal is expected to remain firm during the coming week.


Rupee to Remain Firm, But Minor Correction Likely


Benchmark Bond Likely to Hover Around 8.3-8.4%

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