Perspective on Markets

By Dipen Shah, Head - Private Client Group Research, Kotak Securities:

Markets rose for the second successive day on buying in select heavyweights. Supportive global markets and reduced geo-political concerns helped support the markets. Better-than-expected numbers from companies like Tata Motors supported the sentiment.

Going ahead, we expect geo-political issues on the global front and further reform initiatives from the Government on the domestic front, to drive markets. Remaining quarterly results and the progress of monsoons can be the near-term triggers.