Globally, the risk-off sentiment is prevailing in the markets. Add to that, the soft economic
data that has emanated from the US has kept the dollar index subdued causing the yellow metal
to rally in the short term. Moreover, the intent of the US Federal Reserve Bank to stay on its
taper course has further added to the risk aversion sentiment.
Locally, markets will be closely watching the Vote-on-Account (VoA) session in the Parliament
on Monday. In anticipation of some kind of positive surprise on the VoA front, equities saw
some short covering during the fag end of Friday's trading session. Will the Finance Minister
reciprocate to the market sentiment ? One will have to wait and see till Monday. Foreign
Institutional Investors (FII) have been net sellers in Indian equities for the past several trading
sessions.
Finally, it appears that equities may remain listless with a downward bias.
data that has emanated from the US has kept the dollar index subdued causing the yellow metal
to rally in the short term. Moreover, the intent of the US Federal Reserve Bank to stay on its
taper course has further added to the risk aversion sentiment.
Locally, markets will be closely watching the Vote-on-Account (VoA) session in the Parliament
on Monday. In anticipation of some kind of positive surprise on the VoA front, equities saw
some short covering during the fag end of Friday's trading session. Will the Finance Minister
reciprocate to the market sentiment ? One will have to wait and see till Monday. Foreign
Institutional Investors (FII) have been net sellers in Indian equities for the past several trading
sessions.
Finally, it appears that equities may remain listless with a downward bias.
Crude Oil and Brent Oil March series are down 0.2 percent each at $ 53.09 and $ 55.41 per barrel, respectively.
ReplyDeleteMCX Crude Oil tips