Companies Registered in Services Sector & Implications Stock Market

Rocket of legal entity growth in formal way and thus we can say that we are on the right path of the growth.

The Indian market, at the moment, looks quite stable  and resilient to external  shocks and adverse global cues. This stands vindicated with  renewed FII buying in spite of a sharp correction/erosion in the rupee/dollar trade.  The domestic Indian economy and the banking sector is in a much better shape now as compared to, say, Europe or China and select stocks/sectors focused on domestic demand is providing a safe haven status to foreign investors, who seem to have very limited investment option/ opportunities except in Asia (India, Indonesia and Philippines). Even if the US market corrects sharply, I don't expect the Indian market to tank from hereon, though a correction of ~ 1,000 points in the Nifty from current levels over a period  of couple of months can't be ruled out due to sympathetic or knee jerk reaction to Fed moves and month-end rollover considerations. In case the fall gets triggered on the US market falling sharply (based on FED moves), it will give a lifetime opportunity to buy for an investor who has a 3-5 years time horizon. The Great Indian Bull Market wagon is hitched on to the stars and only a disruption on account of escalation of war (Russia/Ukraine, China/Taiwan, India/Pak/China) and domestic political upheaval or anarchy (very remote possibility) can change the course of the market. 

We reiterate that the golden period for the Indian market has just started and investors need to stay focused and invested from a medium to long term perspective. Donot forget to check our Bank Nifty tips for tomorrow and make money making a golden habit.

We are now safely anchored in a multi-year Bull market as we move away from a "sell on rally" to a "buy on correction" type  of market. Though it is futile to pre-judge the market moves in the short term, I expect the market to surprise on the upside with 16,500 in the Nifty giving a strong support to the market.