Vikas Khemani, Institutional Equities, Edelweiss Securities Views on Markets are as listed below:
I definitely think that positive optimism about the market is there. Markets have come about in a range which is fairly valued. Most of the stocks are trading close to the multi-year average in terms of valuation. Given the fact that we have few key important events in terms of assembly elections and the budget ahead of us, any clarity on that front will be very important. Our thinking is market will consolidate at this point in time between 5300 and 5400 levels for sometime or before we see any significant change after these events. Should any change happen in the budget in terms of fiscal consolidation or any policy impetus, that will be very positive for the market. If the assembly election results turn out to be giving some space to the government, that will be very strong. I guess these two events will be critical to set the tone of the market for the rest of the year.
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