Strong economy and IMD forecast takes markets to new highs: Angel Broking

Views of Mr. Vaibhav Agrawal (Head of Research and ARQ):

"In line with our expectations, Indian markets have continued to move higher with the fresh record closing achieved today. While the macro improvement has been driving the markets over past few months, fresh monsoon forecast suggesting 100 percent rainfall (earlier 96 percent) in 2017 has thrown a positive factor for the markets to move forward. We believe that the current macroeconomic situation is conducive for the economic growth and GST and affordable housing are likely to take our GDP growth higher over next several years. The near term outlook too remains positive with strong consumption demand, low interest rates and strengthening of rural economy. We continue to maintain positive view on the markets."

Source : Equity Bulls

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