GDP beyond 5.5% will be a good positive for markets: Avinnash Gorakssakar

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Mintdirect.com, shares his view on markets. Excerpts:

ET Now: Your final thought, if not on the markets, then on some of the key newsmakers, what would you watch out for?

Avinnash Gorakssakar: September series should definitely be a range bound series but my sense is markets would be now looking forward for some more action from the policy reform side.

You have got small announcements from the defensive and the railway sectors but once the 100-day period is over, markets would definitely look forward for some more announcements especially on the infrastructure and manufacturing sector and that is what markets would be keenly looking at. Today’s GDP data also would be keenly eyed. Anything beyond 5.5% will definitely be taken as a good positive.