Last month major month of festivals in India Diwali wherever all company and corporate have more activity and poised for growth target making consumer market in India ,
As source says more then 25 % of sales of various industry like paint ,automotive and cloths leading sector which have sales target for this festivals.
Current year looking a bad Diwali for sales number looking weak response in sales target of company in also affect industry sales and growth for India pull down reason fot it high inflation and higher interest rates make people more tighten in saving ,even people now suffering badly who have more loan and credit on them .
Outlook for growth weaken more for rest of financial year and India growth story looking very first time in badly affected now .
Stock market now smart buying pull up nifty trading around 5200 and all result com out for second quarter showing downward in sales and income compare to last year seam time now poor growth and higher inrest burden also affected by high dollar ,crude price and international crisis more pain ahead and nifty can break its previous low in current year and can touch 4500 soon so avoid buying and stay on cash ,long term investor start buying around 4700 in selected stock with partial part of their investment and wait for more then 2 year for good apperceaitaion.
As source says more then 25 % of sales of various industry like paint ,automotive and cloths leading sector which have sales target for this festivals.
Current year looking a bad Diwali for sales number looking weak response in sales target of company in also affect industry sales and growth for India pull down reason fot it high inflation and higher interest rates make people more tighten in saving ,even people now suffering badly who have more loan and credit on them .
Outlook for growth weaken more for rest of financial year and India growth story looking very first time in badly affected now .
Stock market now smart buying pull up nifty trading around 5200 and all result com out for second quarter showing downward in sales and income compare to last year seam time now poor growth and higher inrest burden also affected by high dollar ,crude price and international crisis more pain ahead and nifty can break its previous low in current year and can touch 4500 soon so avoid buying and stay on cash ,long term investor start buying around 4700 in selected stock with partial part of their investment and wait for more then 2 year for good apperceaitaion.
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