Govt should be given more time to roll out and implement policies: Mayuresh Joshi, Angel Broking

Govt should be given more time to roll out and implement policies: Mayuresh Joshi, Angel Broking

In a chat with ET Now, Mayuresh Joshi, VP, Institution, Angel Broking, shares his outlook for the markets.

ET Now: How Indian markets moved this week was a function of global cues and lot of global flows. What do you think could influence the rest of the September?

Mayuresh Joshi: You have got policies coming through, specifically those related to pricing in the oil and gas space. That can be a key trigger for the markets going forward, particularly if you are talking about short- to medium-term perspective.

But clearly, to announce and implement policies thick and fast will be a difficult thing to do for the government. So, one needs to give the government a little bit more time to formulate policies, to start rolling them out and implement them.

A lot of people have been talking about GST, DTC, etc. But you clearly need to give the government some more time.

In my opinion, it will be a combination of how the global factors play out, and how the liquidity scenario pans out. There are very few domestic factors that the Indian markets will really be looking up to.