What is your stock market view for 28 May? Do you see further upsides in this market?

The indices were again in the positive on Thursday despite the pressure of F&O settlement. The story continues to be of when the stimulus will eventually come and how big would it be. Now it looks like the stimulus may happen as early as next week as the RBI coincides these stimulus measures with its moratoriums for borrowers.

Global markets were largely flat to negative on Thursday with the SGX showing signs of bouncing in early trades. However, don’t rule out Friday driven selling in the markets ahead of the week end. From here market, there could be further upsides, but the move would be more halting rather than smooth in the last few days.