Today we expect a subdued opening, though action will pick up later. Bulls and bears will slug it out as August F&O contracts expire.
Stocks of export-oriented sectors could hog the limelight as the Government is scheduled to announce the Foreign Trade Policy today. We expect the Centre to unveil a few relief measures to ease the pain for the exporters. A few factors will have an influence on the sentiment. Among the critical ones include: the fallout from drought, inflation, fund flows and of course global cues.
Stocks of export-oriented sectors could hog the limelight as the Government is scheduled to announce the Foreign Trade Policy today. We expect the Centre to unveil a few relief measures to ease the pain for the exporters. A few factors will have an influence on the sentiment. Among the critical ones include: the fallout from drought, inflation, fund flows and of course global cues.
The Nifty is close to breaching 4700, which has in the recent past proved to be quite stubborn. A slew of technical analysts predict further gains if the Nifty stays above 4700 for a considerable period of time. The greed is getting bigger with bullish ones even talking of Nifty soaring to 5300 in the next few weeks.
Ignoring valuations, small-cap & mid-cap stocks appear to be playing catch-up with frontline counters on the logic that side counters had under-performed lately. It’s sure time to fear.
Ignoring valuations, small-cap & mid-cap stocks appear to be playing catch-up with frontline counters on the logic that side counters had under-performed lately. It’s sure time to fear.
