moneymakingaimsee.blogspot.in/index.html Market Outlook From the Dealers’ Desk (10 th June, 2013) Markets may consolidate around these levels with a negative bias. Investors will watch out for the impact of currency movement on FIIs flows. Also, IIP and inflation data will be released during the week which will impact the direction of the market. Weakness in the rupee against the dollar will add to volatility on the bourses. A weak rupee makes imports costlier, stoking inflation concerns, thereby capping the RBI’s scope to extend monetary easing and counter the slowest economic growth in a decade. Financials may be under focus ahead of RBI monetary policy meet which is due early next week. Till then, indices may trade in a broad range. The focus may shift to defensives. Global liquidity is slowing down and also no respite is seen coming from the monetary side indicating that broader choppiness and volatility would increase in the days ahead.
Posted on: Mon, 10 Jun 2013 14:48:59 +0000
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