Market Outlook_3rd July

The economic outlook is uncertain; above 8% inflation, rising crude oil, huge sundry subsidy bills and farmers’ loan write-off have added to the fiscal deficit. The market is now reflecting this uncertainty. In the previous issue, we had mentioned 15,000 as one of the key levels to watch out for. At the time of writing this article, this level has not yet been breached on a weekly basis,...

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