Street ahead markets likely to open on a strong note

1. STREET AHEAD - MARKETS
LIKELY TO OPEN ON A
STRONG NOTE

2. MARKETS LIKELY TO OPEN ON A
STRONG NOTE:-
• Will Dalal Street extend its newly-found strength to Samvat 2071 — the new
traditional financial year that started on Thursday? With foreign institutional
investors (FIIs) buying shares worth .
• `1,700 crore in three of the last four trading sessions and US equities showing
signs of strength over the weekend, traders and invest tors are betting on the
stock market showing gains early next week. But, the momentum may lose
steam as weekend nears as traders may book profits.
• Global financial markets will also watch the twoday US Fed meeting ending
on Wednesday for comments on the direction of interest rates.

3. CONTD..
• “The fact that FIIs are buying into India despite the global uncertainty is a
good sign. But, crisis in euro zone and possible interest rate hike in the US may
decrease the pace of market rise,” said Motilal Oswal, CMD at Motilal Oswal
Financial Services.
• The benchmark indices — Sensex and Nifty -have risen in the past five
trading sessions after a sell-off. The indices, which gained 3% last week, had
fallen 2.25% be tween September 29 and October 17.But, the BSE Mid-cap
index continues to be under pressure, declining over 3.25% since 3.25% since
mid-September.
• Most of the optimism in the domestic markets last week was due to the
strength on Wall Street. On Friday , US stocks climbed, ending a four-week
slide with the Dow Jones Industrial Average gaining about 127 points.

4. CONTD..
• At home, volatility in the market may heighten with the October series futures
and options (F&O) set to expire on Thursday. “Markets may extend gains but
traders may opt for profit-booking at higher levels. Nifty may find resistance
at 8,100 and support at 7,900 for the week,” said Alex Mathews, head of
research at Geojit BNP Paribas Financial Services. The Nifty closed at 8,044
points in the special 60minute Muhurat trading session on Thursday. “Global
markets rallied towards the end of last week when Indian markets were
closed. Thus, we expect markets to extend gains in the first half of the week,
but may weaken towards the end, as market participants may take profits
considering Sensex has rallied nearly 1,000 points in the past few trading
sessions,” said Kunj Bansal, executive director & chief investment officer at
Centrum.

5. CONTD..
• Stock-specific action is likely with companies such as Hindustan Unilever,
Bharti Airtel, ICICI Bank, and Maruti Suzuki expected to announce second-quarter
results.

6. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother )
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
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