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Global cues, corporate profits to drive markets

Post RBI policy and GST roadmap clear, markets are will focus on growth in corporate earnings and global cues for direction

Global cues, corporate earnings to drive markets

With the Reserve Bank of India (RBI) keeping key rates unchanged in the third bi-monthly monetary policy review for 2016-17, and the road ahead for the implementation of goods and services (GST) Bill clear now, the markets are likely to shift their focus to growth in corporate earnings (profits) and global cues. Also Read: Rajan unlikely to surprise at his final policy meeting Since the presentation of the Union Budget in February, the Nifty 50 index has surged nearly 23 per cent to reclaim 8,700 levels, aided by positive global and domestic factors. On Tuesday, the markets ...