Renewed confidence on capex front may boost market: Standard Chartered Securities

Rahul Singh, Head of Equity Research at Standard Chartered Securities told NDTV Profit that the market is likely to take a breather at current levels. Strong FII flows will continue to come in the market in the near term. "Renewed confidence on capex front is likely to help the market go higher. However, problems in Europe could act as dampener," cautioned Singh. Commenting on the RBI's outlook on the monetary policy, he said that the central bank's stance is likely to be dependent on fiscal consolidation in budget.