Daily Market Strategy:- Tension time; subdued sentiment Geo‐political tensions reign supreme and markets are set to tumble as Ukraine and Middle East dominate the fears. Russia has chosen to retaliate harshly to Western sanctions bringing into question global growth prospects. Meanwhile, a short while ago, President Barack Obama said hed authorized targeted airstrikes in Iraq to protect American personnel adding that if American has unique capabilities to help avert a massacre, then it cannot turn a blind eye (about Iraq). The outlook is a weak start for our market. Results will remain in focus, especially of SBI. Mahindra & Mahindra, Sun TV Network results will be in focus. The Dow and S&P fell half a percent each while the Nasdaq lost 0.46%. Asian markets are weak. Japans Nikkei lost 2% while Hong Kongs Hang Seng is down 0.71%. South Koreas Kospi index was trading 1% lower. Chinas Shanghai index has lost half a percent. Shares of defence equipment makers gained initially after the FDI increase news but ended with losses on profit booking. slinvestments.in
Posted on: Fri, 08 Aug 2014 04:05:18 +0000
Trending Topics
Recently Viewed Topics
© 2015