Indian stock market forecast for September 16; waiting for wholesale price index

Indian stock market forecast for September 16; waiting for wholesale price index

Sunday, September 15, 2013

NIFTYTrend- Flat to strongSENSEXTrend- Flat to strongAdvances- 714 Declines- 462 Unchanged- 66 Friday, Indian stock markets traded volatile and ended with some losses as Prime minister's economic advisory council scaled down the GDP growth estimate for FY 2013-14 to 5.3 per cent vs 6.4 per cent predicted earlier. They also indicated that strict measures will continue to improve rupee. Upcoming FOMC meeting on Wednesday also affected the bulls. As a result of this markets ignored industrial...

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Nifty and Sensex weekly trend analysis for September 16, 2013 to September 20, 2013

Sunday, September 15, 2013 NIFTYTrend- Flat to strongSENSEXTrend- Flat to strong   Last week, Indian stock markets extended gains for the third consecutive week. There are several factors helped the markets to outperform. Among them the upward momentum on rupee and easing US attack fear on Syria played key role. Foreign funds were buyers in the market. But last two days of the week witnessed some weakness and volatility ahead of the upcoming US Fed meet. PM's key financial adviser Rangarajan scaled down the GDP growth estimate for the current financial year to 5.3 per cent from 6.4 per cent. How ever .............

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