#OpeningBell #MarketNews #News The #Indian #markets moved higher in last session supported by some #government optimism and the strength in #rupee against #dollar. Today, the start may be in flat-to-green but the traders will remain cautious with the #global political scenario. The #rupee, which moved to seven weeks high, is likely to keep the spirit upbeat with further strength. However, #traders will also be eyeing the Services activity with the #HSBC Services Purchasing Managers’ Index (#PMI), scheduled to be released today. In August the measures fell to 47.6, the lowest since April 2009. There will be some action in the #consumerdurables, #auto and #bankingsector, as the #financeministry has said that it will provide additional capital to state-run banks, ostensibly to boost lending to sectors such as two-wheelers and consumer durables at lower interest rates. The move by the finance ministry is, aimed at boosting demand in select pockets and putting the economy back on track. There will be some buzz in #metals and #miningstocks, as the #SupremeCourt has said that there should be a proper system in place to regulate mining and other related activities in #Goa where iron ore extractions in 90 mines had been banned by it following the report of a panel that illegal mining was going on there. Read more at rsec.co.in/market-and-news/equity/market-outlook/daily
Posted on: Fri, 04 Oct 2013 03:55:29 +0000
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