ET Markets Desk (for Info only, not official)

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ET Markets Desk

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    ...Investors planning to allocate money into the equity market should stay in cash for some more time as the domestic equity market may slip to their support levels before bouncing back. The market is likely to come face to face with a plenty of news, both domestic as well as global, in January, creating strong volatility in the market. That could open up a window for long-term investors to dig into quality stocks on declines. On the domestic front, as the impact of demonetisation unfolds, news that could impact the economy will include a scheduled speck by Prime Minister Narendra Modi on the New Year eve. Indian Inc will start announcing December quarter earnings from the second week of January, while the impact of demonetisation, rising crude oil prices and muted global markets could keep the market subdued. Expectations from the Union Budget should fuel a pre-budget rally, but apart from that, there are no fresh triggers to take the market higher. ...

    TOI on Jan. 1, 2017, 11:12 a.m.