Synopsis
In the last three trading sessions, the one thing clearly favouring the bulls was market breadth, especially in the mid-cap segment. A part of this optimism stems from the street’s expectation that the GST rate rationalisation will be implemented soon. Now, given that it may be implemented as soon as September 22, it probably takes away the fear that this festive season will suffer due to delayed purchases. So, in all probability, some select consumer stocks will get more attention in the coming days.
The stock market does not like uncertainty. But given that the commerce minister has spoken of a possible timeline (by the end of the calendar year) for a trade pact with the US, some of the uncertainty has been reduced. Now we are using the words “uncertainty has been reduced“ because of one simple reason: The mercurial nature of President Trump. Can anyone stop him from increasing tariffs? Or adding goods which are currently on the exempt list
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