Today,we expect a gap-up opening on Dalal Street today following a clearance by the Nuclear Suppliers Group (NSG) for the Indo-US nuke deal. Capital goods and power stocks would remain the focus of attention for the day. The NSG waiver is likely to provide short-term euphoria on the street.
However, in the long-run, inflation, interest rates and movement of oil prices would dictate the trend for the market. Furthermore, strong cues coming in from global markets are likely to help keep the Indian indices afloat. Major Asian indices are trading higher by more than 3% after the US government seized control of Fannie Mae and Freddie Mac.
However, in the long-run, inflation, interest rates and movement of oil prices would dictate the trend for the market. Furthermore, strong cues coming in from global markets are likely to help keep the Indian indices afloat. Major Asian indices are trading higher by more than 3% after the US government seized control of Fannie Mae and Freddie Mac.
