Mixed gap is seen for the 50-share Nifty index on Thursday on the rear of positive Asian Markets however worries of slowdown in U.S economic recovery can keep investors on the sting as Federal Reserve meeting minutes indicated that the Fed balance sheet can still expand.
The minutes, released on Wednesday, showed worries regarding inflation rising last month before a giant surge in oil costs subsided. At identical time the minutes failed to indicate the Fed was able to begin tightening policy any time soon in line with a report. Weakness in greenback and strength in commodities can weigh on investors minds.
"Traders got to be cautious of shopping for overwhelmed down stocks that seem to own hit a the bottom as a result of weak stocks tend to fall the foremost whenever markets fall sharply and therefore the fall should not be over nonetheless." Says Kunal Saraogi, CEO, Equityrush. Markets appear to be heading toward their next target of 5350 where some shopping for is to be expected, he adds.
Shares in Indian engineering and construction firm Larsen & Toubro are going to be in focus prior to its quarterly results later within the day.
Other major results to look at out for in today's trade prior to their quarterly results are Ashok Leyland, Jet Airways , Wockhardt, Tata Power and Voltas.
The minutes, released on Wednesday, showed worries regarding inflation rising last month before a giant surge in oil costs subsided. At identical time the minutes failed to indicate the Fed was able to begin tightening policy any time soon in line with a report. Weakness in greenback and strength in commodities can weigh on investors minds.
"Traders got to be cautious of shopping for overwhelmed down stocks that seem to own hit a the bottom as a result of weak stocks tend to fall the foremost whenever markets fall sharply and therefore the fall should not be over nonetheless." Says Kunal Saraogi, CEO, Equityrush. Markets appear to be heading toward their next target of 5350 where some shopping for is to be expected, he adds.
Shares in Indian engineering and construction firm Larsen & Toubro are going to be in focus prior to its quarterly results later within the day.
Other major results to look at out for in today's trade prior to their quarterly results are Ashok Leyland, Jet Airways , Wockhardt, Tata Power and Voltas.
0 comments:
Post a Comment