It's likely to be a cautious start for stocks on the Indian bourses on
Monday, with investors tracking a weak lead from Wall Street where the indices
closed lower on Friday amid concerns about the outlook for the Federal
Reserve's monetary surplus program.
The 25-basis points hike in the repo rate and a likely slowdown in industrial growth may prompt investors to refrain from indulging in any big buying.
Data showing some heavy buying by foreign institutional investors last week is a positive for the market. An encouraging report on Chinese factory activity in September will also aid sentiment to an extent. The rupee's movements against the greenback will be eyed.
Movements are likely to be a volatile at times due to expiry of near month derivatives contracts this Thursday.
.
The 25-basis points hike in the repo rate and a likely slowdown in industrial growth may prompt investors to refrain from indulging in any big buying.
Data showing some heavy buying by foreign institutional investors last week is a positive for the market. An encouraging report on Chinese factory activity in September will also aid sentiment to an extent. The rupee's movements against the greenback will be eyed.
Movements are likely to be a volatile at times due to expiry of near month derivatives contracts this Thursday.
.
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