What is the equity market outlook in the short-medium term?
On the domestic front, Q2FY16 corporate earnings, outcome of Bihar elections, macro economic data and movement in rupee against dollar are the next major triggers for the markets that will be watched closely for the further direction. We recommend investors to invest in fundamentally sound companies with the long term perspective.
Stocks to Watch: Asian Paints & Pidilite Industries
Currency Outlook for EUR-INR: We recommend selling in EUR-INR on rise at Rs 74.50 for the target of Rs 72.50 with stop loss above Rs 75.55.
Read the full Value Plus issue for details.