Market will remain rangebound for a while, but is likely to test the lows seen in February.Feel good sentiment in the wake of the Union Budget and the Fed decision to pause on rates.he implementation of the Seventh Pay Commission, a good monsoon and rate cuts feeding into the economy will improve sentiment for equities. According to Jaipuria, pharma stocks are not cheap at current levels, but investors can hold on to them. He expects volatility in these shares in the run up to the Presidential elections in the US. He does not see crude prices rallying too much this year as the demand equation is still weak.
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