Capacity to change! - IIFL

Investors world over seem to feel confident about what the Fed is likely to do. That explains the accommodative approach by investors witnessed world over.

The outlook is a positive start. The focus for the day will be on the Infosys results, especially after Narayana Murthy is back at the helm. The last two times, the company declared its results the counter saw huge intra-day swings. Besides the results, a change in guidance if any will be closely watched. May IIP numbers and June CPI numbers are among the data points which investors will like to keep a close eye on.

US indices saw record closing with the Dow and S&P adding a little over 1% each. The Nasdaq notched gains over 1.5%. Asian markets are mixed with the Nikkei up marginally while the Hang Seng has fallen a tad. China's Finance Minister Lou Jiwei says 6.5% economic-growth rate wouldn't be a ‘big problem.'

Source : Equity Bulls

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