Pure Liquidity Play Ruling the Market; Be Careful For Infra Stocks: Dimensions Corp

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Equity benchmarks were trading at excessive factors of the day, with the Sensex gaining almost 200 points intraday, whereas the Nifty used to be higher through round 60 points.


The rupee firmed up 8 paise to 65.02 towards the dollar on Monday, set off by  contemporary selling of the us currency with the aid of exporters and banks.The native unit acquired some excellent give a boost to from higher home equities but a powerful buck out of the country saved it in take a look at.

The move raised questions about whether or not the shallow correction was previous. “The present market has nothing to do with fundamentals, valuations or even revenue. It is a pure liquidity play,” Ajay Srivastava, CEO, Dimensions corporate Finance services and products.
Currently, the situation appears to be like steady. “there is nothing that's hurting financial fundamentals as compared to ultimate week. Oil is round USD 60 now,” he told the channel.
Srivastava is including portfolios of consumer and infrastructure. The latter will get a boost beforehand of elections, he brought.

Speaking  on the rally in Tata group stocks, he stated that a major factor is management trade at the helm. He pointed how the chairman had sold non-performing companies and that distinction had been brought in through the brand new leadership.

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