Indian Market Outlook For The Week – 25 to 29.09.2017
Indian Market Outlook For The Week – 25 to 29.09.2017
( www.rupeedesk.in )
Escalating tensions in Korean Peninsula and concerns over slowdown in domestic economic growth are likely to weigh on domestic shares in the coming week. Rollovers to the October series ahead of the expiry of the current series will keep shares volatile, while trends in global markets will provide intraday cues. The government's plan for a stimulus to boost growth has led to concerns over the
health of the economy. Stocks of mid-and small-cap companies may turn positive from the current weakness. Investors will also monitor the meeting of oil producing nations over the weekend in Vienna. The Nifty 50 is seen finding near-term support at 9900 points, while we do not expect the index to cross the 10100 mark immediately. Yesterday, the 51-stock index ended at a two week low of 9964.40, down 157.50 points or 1.6% from the previous close.
Source : Cogencis Information Services Ltd.
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Indian Market Outlook For The Week – 25 to 29.09.2017
( www.rupeedesk.in )
Escalating tensions in Korean Peninsula and concerns over slowdown in domestic economic growth are likely to weigh on domestic shares in the coming week. Rollovers to the October series ahead of the expiry of the current series will keep shares volatile, while trends in global markets will provide intraday cues. The government's plan for a stimulus to boost growth has led to concerns over the
health of the economy. Stocks of mid-and small-cap companies may turn positive from the current weakness. Investors will also monitor the meeting of oil producing nations over the weekend in Vienna. The Nifty 50 is seen finding near-term support at 9900 points, while we do not expect the index to cross the 10100 mark immediately. Yesterday, the 51-stock index ended at a two week low of 9964.40, down 157.50 points or 1.6% from the previous close.
Source : Cogencis Information Services Ltd.
