14:22
Moneycontrol BureauLive Market Commentary
Bulls retained their hold on the Dalal Street in afternoon trade with the equity benchmarks surging more than 3.5 percent, supported largely by rate sensitives after Federal Reserve has kept its bond buying programme unchanged at a rate of USD 85 billion per month.
The Sensex is up 715.26 points or 3.58 percent at 20677.42, and the Nifty is up 228.05 points or 3.87 percent at 6127.50. About 1331 shares have advanced while 887 shares declined on the Bombay Stock Exchange.
One needs to be cautiously optimistic on emerging market says Herald Van Der Linde, Head of Equity Strategy, Asia-Pacific, HSBC because the issues concerning current account deficit (CAD), reforms etc have not yet gone away. So he sees no case for changing their rating.
Recently, HSBC had downgraded India to an underweight.
Moreover, he expects a correction for Indian market at some point of time.
Meanwhile, the rupee gained 161 paise to 61.76 against the US dollar on sustained dollar selling by FIIs.
As surprising as the FOMC announcement was yesterday, this brings great news for emerging markets, says Nirmal Jain, Chairman, IIFL. Easy money will continue to come into emerging markets which will lead to a rally in currencies, equities and bonds, he says.
Anda sedang membaca artikel tentang
Sensex up 700 pts, Nifty above 6100; rate sensitives lead
Dengan url
http://sehatgayahidup.blogspot.com/2013/09/sensex-up-700-pts-nifty-above-6100-rate.html?m=0
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Sensex up 700 pts, Nifty above 6100; rate sensitives lead
namun jangan lupa untuk meletakkan link
Sensex up 700 pts, Nifty above 6100; rate sensitives lead
sebagai sumbernya
0 komentar:
Posting Komentar