Key Points
Easing concerns aroundUS slowdown helped lift investor concerns as strong India economic data and good earnings reported by Indian corporates arehelping keep investor confidencefirm..
Indian equities gained confidence from strong domestic earnings and fading concerns over the US economic slowdown following robust job data", saidVinod Nair, Head of Research at Geojit Financial Services..
Continued earnings momentum in banking stocks and sustained credit growth at 15.9% led to a rally in Nifty Bank"saidaid Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd..
Moving forward theU.S. inflation data due later in the week would offer more cues on the Federal Reserves monetary policy path, feel analysts.Nair expects the US inflation report, due on Wednesday, to remain around the March level of 5.0%...
TheInvestors would also watch out for economic cues such as inflation data of India, and China along with UK GDP data and Bank of England's interest rate during the week, said Khemka. ..
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