Today, we expect a subdued start due to uncertain global cues and another choppy session.The festival of lights is here and a subdued start need not dampen your spirit. In hindsight, the rally of the first two trading days of the week may have come a little too soon. We say this because the market appears to have lost some steam just on the eve of Diwali. The traditional Mahurat session will hopefully see much more enthusiasm.
We’ve got over a nightmare of sorts. Just a year ago things looked so grim in the wake of the financial turmoil when equities and commodities tumbled and all that soared was risk aversion.Markets around the globe hit multi-year lows and tested new lows again in March. But since then, risk appetite has come back strongly as the global economy and financial markets started seeing signs of recovery. The pace of the seven-month rally has been ferocious. There is no denying that a small reversal is imminent and overdue. The timing and intensity of the same is anybody’s guess. Don’t panic in case of a small sell-off. If anything, that should see more bulls joining the party.
