The week ahead:Geo-politics and RBI meet to drive the markets..

Concerned by the possible conflict with Pakistan, markets corrected sharply during the last week wiping of profits of the investors. Panic selling was seen as the Sensex tanked 802 points and the nifty sank 271 points to close the week at 27,866 and 8,611.


The week ahead: Fed meet to decide the trend..

The Indian benchmark indices – Sensex and the Nifty – ended the winning streak that was going on for the last two consecutive weeks and closed at 28,599 and 8,780 respectively due to selling pressure and profit booking on many counters. The markets had opened last week with a downward gap following the global markets.

Going ahead, the selling pressure witnessed last week is likely to continue. There is a Sharp fall in food prices according to the CPI data for August released last week. The bank of England has kept the rates unchanged in the review meeting but has announced that rates may come down in near future. The key event that the world is watching is the fed meet which starts on Tuesday. The possibility of US rate hike will keep the markets volatile on Monday and if, the rate hike becomes a reality , there could be further sell off in the markets.

1 Comment

The week ahead:Inflation data and global cues to drive the markets..

Good PMI numbers and low expectations of the US Fed rate hike pumped up investor sentiments which resulted in the markets closing at 28,797 (Sensex) and 8,867 (nifty)  points respectively. The indices closed 265 and 57 points higher and renewed buying interest were seen in select mid cap and small cap counters.

Going ahead, the markets will be closed on Tuesday on account of Bakri-id. The near term market movement will be dictated by the IIP and inflation data which are scheduled to be released this week. Now since the markets have reached the highest point in the last 17 months, there is a wave of optimism going on. Profits booking in selected counters are also on cards since the recent surge has given decent returns to short term traders.


The week ahead : Getting Closer to a new high ..

The markets rallied strongly to end the week in green, compensating for two weeks losses and closing at the brink of a new possible high. Both the Sensex and the Nifty made an emphatic come back closing at 28,532 and 8810 respectively. The markets gained 2.7% for the week ended. Overall, the Sensex and the Nifty has gained more than 26% since February lows, breaking the medium term resistances.