Domestic demand is trending up well, with the onset of the festive and wedding season and should provide an additional tailwind for consumer and economy facing companies. Corporate profitability also is trending well, and earnings are expected to grow in mid-teens for the next two years. Indian economy continues to do well and is expected to grow 6.5% to 7% for the next two years. “Indian economy and markets have shown remarkable resilience and “de-coupling" in this global uncertainty. New record for the Nifty is only a question of when," he added. In brief, it is Advantage Bulls for the near- term. "Since dollar is weakening, FIIs are likely to increase their buying and with Monthly SIP figure crossing Rs13000 crores, DIIs too will have to deploy the inflows.
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