Sharekhan Top Picks Basket For May 2015

The Indian stock market continued to lose ground in April and the index returns turned negative for the calendar year 2015. In fact, the Indian equity market has underperformed the other emerging markets in the last few months due to rising concerns over a subdued growth in the earnings of the domestic corporates, a possibility of a delayed revival in economic activity, unseasonal rains and an initial forecast of a weak monsoon for this year. To top it all, the uncertainties related to the minimum alternate tax applicable to the foreign institutional investors retrospectively added to the weakness in the Indian markets.

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