MARKET 0UTLOOK 17 September 2012 by marketmagnify.com |
The markets lost moderately during the week. The Sensex was up 4.41% while the Nifty was up 4.40% during the week. Nifty is coming in the range of 5540-5670. In Nifty we can see the strong resistance of 5700 in weekly chart. |
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The markets lost moderately during the week. The Sensex was up 4.41% while the Nifty was up 4.40% during the week. Nifty is coming in the range of 5540-5670. In Nifty we can see the strong resistance of 5700 in weekly chart.
From the global perspective, The Federal Reserve will buy a total of $600 billion of bonds under its new stimulus program announced Thursday, known as QE3, and will target a US unemployment rate of 7 per cent before it halts the program, according to the median of forecasts from a Reuters poll on Friday. The forecasts from 52 economists for the ultimate size of the program ranged from $250 billion to $2 trillion, the poll found. The Fed said on Thursday it was launching a new program of buying $40 billion a month of mortgage-backed securities bonds which would be open ended, as it sought to "improve substantially" the outlook for the labor market. Within the poll, the median of forecasts from 13 primary dealers --the large Wall Street institutions that do business directly with the Fed --was for a total size of $750 billion. The median of forecasts from 47 economists was for the unemployment rate to dip to 7 per cent before the Fed shuts down its QE3 stimulus program. Of 58 economists polled, 49 said the Fed would buy more Treasuries once its Operation Twist stimulus program finishes in December. A total of 52 of 58 economists said they have not revised their expectations for the level of unemployment at the end of 2013 and 2014 in the wake of the QE3 announcement, while six did revise their outlooks for the unemployment rate.
For the week, The Sensex was up 4.41% while the Nifty up 4.40% during the week. This week market will be volatile due to CRR.
NEWS AFFECTING INDIAN MARKETS
Govt Okays FDI in multi-brand retail, aviation, 5 PSU sell-off
Diesel hike: Maruti, M&M & GM hopeful festival sales will blunt impact
RBI to keep rates steady as inflation jumps: Reuters Poll
Oil cost to keep a check on use of subsidised cylinders
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