The Market Xpress – India Strategy
Jan 13, 2017 | 15:11 PM IST
Jan 13, 2017 | 15:11 PM IST
The much awaited Trump address to the media had its moments of bashing and comments on hacking but lacked clarity on fiscal stimulus and tax policies. Replacement of Obamacare is on the cards as Trump said pharma firms were getting away with murder in drug pricing and promised to make healthcare less expensive and far better. Besides the usual end-of-the-year furloughs and weak outlook, the IT sector may bear the brunt of Trump talk. The main Indian indices which rose to a two-month high are expected to open positive. TCS, Bajaj Corp and a few other major companies are expected to announce their quarterly earnings data today. US indices clocked gains. Asian markets are mostly in the green. Domestic funds have reason to cheer as mutual fund investor accounts inched higher to 5.3 crore in 2016, adding nearly 70 lakh accounts last year. Finance Minister affirmed that the government was aiming to implement GST from April this year and expects all pending issues to get resolved. Read More>>
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