Market 0utlook 7-may-2012 by marketmagnify.com |
The markets lost moderately during the week with realty The Sensex was down 2.07% while the Nifty lost 1.99% during the week. After a strong support of 5168 has broken by Nifty. |
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MARKET 0UTLOOK
The markets lost moderately during the week with realty The Sensex was down 2.07% while the Nifty lost 1.99% during the week. After a strong support of 5168 has broken by Nifty. I think the Nifty is getting into a range between 5145 and 4950 There are three events lined up in the next 10 days, so this range should hold for a few days before the trigger comes.
From the global perspective, GDP accelerating to catch up with jobs, said Nigel Gault an economist at IHS Global Insight . The stock market didn’t take Friday’s news well. The Dow Jones industrial average closed down 168 points, or about 1.3% . The broader Standard & poor’s 500 index.
For the week, The Sensex was down 2.07 % while the Nifty lost 1.99% during the week. The market is expected to remain volatile next week due heavy selling of Fii’s..
NEWS AFFECTING INDIAN MARKETS
Euro zone crisis adversely affecting Indian markets.
Indian rupee rebounds, RBI intervention debated.
India may export another 2 million tonnes of Sugar in 2011-2012.
Exports grow 21% at $303.7 billion, trade deficit zooms to record high $185 billion.
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