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Indian Stock Market Trend For 2017

Indian stock market experienced both upswing and turbulent time during 2016. Indian stock market showed promising start during first three months of 2016 whereas showed lots of pessimism during last 2 months of 2016.

Indian Prime Minister decision to  Demonetize 500 & 1000 currency bill which effectively removed 86% of the floating currency bill pushed Indian economy in doldrums thus triggered selloff. Indian stock market selloff offered new opportunity for long term investor.

In 2017, Indian stock market may give 20% upside on sensex as well as Nifty as the recirculation of currency bill will trigger demand. Due to completely dryness in demand due to non availability of cash, even stopped buyers to buy necessary products. The recent announcement by Indian Prime Minister around lower housing loan for common people and higher deposit rate for senior citizen is nothing but stimulus package which will be pushed back into banking system.

Most of the business sector will experience sudden spike in their product demand as replacement market will initiate the recovery of business dynamics. Consumer centric companies will especially do very good be it anything. Companies like Voltas, Adani Port, Sintex, NMDC, MOIL,VIP Industries and many other will grow 50 % in 2017.

Investors who already invested in stock market in 2016, should sit tight to realize the gain whereas for investor trying to enter into stock  market should invest in Mutual Fund.

At the end of 2016, Indian Mutual fund manager pumped millions of $, in stock market when FII'S were busy selling stocks. I am sure, FII will try to enter into and will pump billions of $ and will take the stock at new heights.

It's confirmed based on current market and economic situation, 2017 will give maximum return.
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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