Thursday, 2 March 2017

Market turns sluggish, Nifty dips below 8950 << Ripples Financial Advisory

Liquidity will continue to drive the market higher going ahead as the rally in the global markets continues. Investors need not bother with market fundamentals as long as liquidity flows into the market. However, sagging Indian economy is a concern, which may impact the rally, he said. He expects major consolidation in the non-banking financial companies (NBFC) space in the medium-term. Smaller NBFCs in the industry can gain on these potential M&A opportunities.

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