Expect market to open on a flat note on account of global cues. US - TopicsExpress

Expect market to open on a flat note on account of global cues. US market shaved most of their early losses but still finished in the red as worries sustain, about the Fed easing up on stimulus. Asian markets bounced back into positive territory. The board of M&M financial services (MMFS) decided not to proceed with the application of new banking license. We believe the board’s decision to opt out of the banking license is a logical decision as MMFS has been consistently delivering superior return ratios.

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