Bulls take on Bears: Markets roaring once again
DSIJ Intelligence / 22 Sep 2016
Well, the bull looks to be in full control and the market is charging towards its peak once again. The Indian markets on September 22 have opened in green. The Sensex which previously closed at 28507 on September 22 opened at Rs 28766.94, up by 1 per cent.
Well, the bull looks to be in full control and is charging towards its peak once again. The Indian markets on September 22 have opened in green. The Sensex which previously closed at 28507 on September 22 opened at Rs 28766.94, up by 1 per cent. Nifty too is trading in green and as at 10.36 am is trading at 8870, up by 93.75 points.
Global sentiments look positive as FED has maintained its status quo. DAX on September 21, closed at 10436 up by 0.41 per cent. FTSE 100 also increased by 0.06 per cent to 6834; and CAC 40 too rose by 0.48 per cent to 4409.The Asian markets, especially the Indian market is well poised and there are no major market triggers right up front. The only trigger is the US election which is in the month of November. Therefore, the current market sentiments are positive.
The FED's favourable outcome has given enough space to RBI for rate cuts on October 4. On the other hand, it is a double delight for the Indian markets, India’s current account deficit (CAD) has narrowed sharply to dollar 0.3 billion or 0.1 per cent of gross domestic product (GDP) in Q1FY17.
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