Markets wait for FOMC......
Trade in a tight range of 100 pnts....
Will get a strong push above 5880..... whereas 5795-5740 being crucial areas on lowerside....
Indian stock markets have priced in a $10-$15 billion cut in US stimulus, but a larger cut may lead to a sharp fall in equities on concerns that foreign investors will take money out of the country. The rupee will also weaken.
Lets wait n watch......
Regards
Hrishikesh
Trade in a tight range of 100 pnts....
Will get a strong push above 5880..... whereas 5795-5740 being crucial areas on lowerside....
Indian stock markets have priced in a $10-$15 billion cut in US stimulus, but a larger cut may lead to a sharp fall in equities on concerns that foreign investors will take money out of the country. The rupee will also weaken.
However, Indian markets may rally if the Fed surprises everyone and decides
against trimming its bond purchases at all.
The outcome of the Fed's meeting will also determine interest rates in India.
The Reserve Bank of India earlier postponed its monetary policy review from 18th
to 20th of September to see what the Fed does.
Regards
Hrishikesh
No comments:
Post a Comment