Wednesday, 21 December 2016

Nifty reclaims 8100, Sensex volatile

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The brokerage house supported the ongoing value rally and thinks it will persist in 2017. Equity markets will continue to be driven by policy/political events, which increases uncertainty of any predictions. Investors should not be surprised to see a multi-year value rally if the economic momentum continues to surprise on the upside and gets reflected in improving earnings outlook. Previous cycles show this is possible and attractive valuations suggest scope for a further uplift.

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