Indian stock market outlook for October 3; Nifty and Sensex may move sideways

Indian stock market outlook for October 3; Nifty and Sensex may move sideways

Wednesday, October 2, 2013 NIFTYTrend- WeakSENSEXTrend- WeakAdvances- 695 Declines- 490 Unchanged- 48 Tuesday, Indian stock markets started weak and volatile. After two and a half hour of trade markets witnessed some short covering ahead of Wednesday's stock market holiday on behalf of Gandhi Jayanti. Lower than expected current account deficit and better performance in motor vehicle sales contributed to the buying interest . Gains in European and Asian stocks and the performance of rupee boosted the market sentiments......................................

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Market weekly outlook

Nifty and Sensex weekly trend analysis for September 30, 2013 to October 4, 2013

Sunday, September 29, 2013 NIFTYTrend- Flat to weakSENSEXTrend- Flat to weak   Last week, Indian stock markets snapped three week gains, as a reaction to RBI's decision to hike repo rate on fears of rising inflation. Markets lost nearly 3 per cent on weekly basis. Financial stocks and other rate sensitive stocks like realty witnessed sell off. DLF lost 13 per cent and Unitech lost 6 per cent. BHEL out performed with a gain of 6.4 per cent.   BSE benchmark S&P Sensex opened at 19820.03, after seeing a high of 20050.42, went to a low of 19658.74 and closed at 19727.27 (536.44 points or 2.65 per cent lower).S&P CNX Nifty opened at 5945.80 went to a high of 5989.40 and then saw a low of 5811.10 before closing at 5833.20 (178.90 points or 2.98 per cent lower).  Short term technical trend of Nifty and Sensex is now..............

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