The most worring factor is the US market for global markets now. Dow has continuously sliped from its 8600 level to 8200. Is this going to be a range bound movement? That the important questions after its year high in the month of June 09.
Indian government big budget has shown some good moves but the market has over reated and corrected 800 points on monday 6th july 09. This governement has major role to play in this financial year keeping in mind 2 most important factors,
1. Slow down in the US economy
2. Internal problem with in the country (rain, sugar production, taxes and more…)
We think the government will take necessary steps to overcome the problems and shine out. This can not happen over night, since Congress is just elected second time they have 5 more years to prove their abilities. Key focus is development in rural sectors and disinvestment.
Lets hope for the best for this month.
Cheers
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