Today, we expect a gap-up opening for Indian stocks as well. In fact, the Nifty futures contract for November settlement was up 2% in Singapore. So, the bulls can look forward to a bright day ahead.We have some good news. We have some bad news. The learnings of recent times make us worry though. The good news first (though we know you'll hurry to see what the bad news is). At the very outset, it looks like a better day for global equity markets, notwithstanding the grim US unemployment data released on Friday. In fact, one can trace the seemingly all-pervasive feel-good to that day's trading on Wall Street.
Given the bullish sentiment across globe,All these measures have lifted the spirits of Asian markets. Japan's Nikkei ended the morning session up 5.5% at 9,053.90 while the Hang Seng in Hong Kong jumped 6.1% in early trading and the Shanghai Composite index was up 6.5%.
Having said that, the good times may not last too long, as the overall trend still remains negative due to the global economic gloom.So, one can expect a bounce from August's dismal IIP figures. However, in the past we have seen lot of fluctuations in the IIP numbers. So, one should not get carried away if there is indeed a big jump in it in September.
Given the bullish sentiment across globe,All these measures have lifted the spirits of Asian markets. Japan's Nikkei ended the morning session up 5.5% at 9,053.90 while the Hang Seng in Hong Kong jumped 6.1% in early trading and the Shanghai Composite index was up 6.5%.
Having said that, the good times may not last too long, as the overall trend still remains negative due to the global economic gloom.So, one can expect a bounce from August's dismal IIP figures. However, in the past we have seen lot of fluctuations in the IIP numbers. So, one should not get carried away if there is indeed a big jump in it in September.
