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The fortnight’s burning question is will the stock market buoyancy last?

     Print Edition: May 3, 2009

Will the stock market buoyancy last?

Sandeep Shenoy, Strategist, PINC Research The markets are currently in the bounce-back mode. There is still some potential for markets to go up further. Because of the good liquidity condition, the returns will remain positive till the elections.

Ajay Parmar, Head (Research), Emkay Share & Stock Brokers

The current bull run is driven by FIIs (foreign institutional investors) who are looking for investments in emerging markets. However, we can see a big upward movement and a correction looks imminent at this point in time. It’s hard to justify the pace at which stocks have jumped in the last few days. The market movement will depend upon fourth quarter results and economic growth in the country.

Prashastha Seth, Senior Fund Manager, IIFL Wealth Management.

The stock markets buoyancy is likely to sustain till the elections kick off. Globally, over the last few days, market sentiment has turned positive and markets are latching on to any positive news. This, coupled with the fact that we typically witness a pre-election surge, should support the market over the next few days. However, corporate results may stop the bull surge.

— Manu Kaushik

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