securebank.in/ 9:15 PM: The Indian stock market is likely to - TopicsExpress

securebank.in/ 9:15 PM: The Indian stock market is likely to open on a weak note this morning, tracking global cues. Speculation that the U.S. Federal Reserve may start hiking rates sooner than expected contributed to the sell-off on Wall Street overnight, and Asian markets are following suit today. The mood back home is unlikely to be any significantly different. Data showing some heavy selling by foreign investors on Thursday could hurt as well. The apex courts verdict on coal allocation issue could continue to hurt stocks from metal, power and banking sectors. But then, some bargain hunting is not ruled out altogether.

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