"GDP growth for Q4 has been reported over 9%; GDP growth estimates for this fiscal is also estimated to be more than 8.5% on conservative estimates; The inflation data realeased at 12 noon today is 5.06% meets the market estimates."
June month shall give indication about onset of monsoon over most parts of India, which is crucial for rural income and contribution of Agriculture to the GDP. By 15th June advance tax payments of Income Tax shall be made by corporates which give fair idea as to the performance of the companies for the first quarter of this fiscal. Markets shall be positive till around the end of next week and shall take the direction based on the data after 15th.
Barring routine profit booking on week end considerations markets are likely to close positive on week on week basis today, as there are no negatives as of now.
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