INDIAN MARKET OUTLOOK AND PREDICTION

Asian stocks were mixed during Wednesday’s session following tepid U.S jobs data that has traders antsy about the Federal Reserve’s next move when it comes to its quantitative easing program.

The main concern with the market this week is the low interest and consequent huge volatility, which can be triggered by any news in the market.

 

India's benchmark index is down 0.05 percent a day after marking its record closing high, while the broader NSE index is down 0.1 percent on caution ahead of the expiry of October derivatives contracts at the end of the session.

Asian markets are trading down with big markings. Surprisingly, SGX Nifty too is down by nearly half a percent! That indicates a lower opening for Indian markets as well, more about that later.

The Dollar index is trading slightly positive but Gold and Bond markets are down in negative zone. All signaling worries about the Fed’s tapering, maybe sooner than later?

 

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