Markets on friday lost more than 140 points in BSE with selling coming in the last hour of trade . Sensex fell by more than 7 percent for the week, closing the shop below 9,000 level at 8,675.00.
US markets yesterday which gained in the initial part of the day with news of Unexpected home sale rise couldnt sustain and closed in flat to green with 0.5% gains on DOWJONES . Crude is trading near 45$ mark
Asian markets are trading in positive zone . NIKKIE is up more than 3% today and is trading firm
Indian markets are expected to open positive with PHARMA , BANKING leading the other sectors . With good news round the globe Indian markets may cross the magic level of 2740 in NIFTY which may give scope for for further appreciation from the current levels .
Some of the banking stocks which were heavily down last week even with good results would be gaining as the shorts to be covered. We are nearing the expiry so we advice members to be cautious as one can see wild volatile moments in the next 2 trading sessions.
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