Sensex to open positive on global clues

Mumbai, Jul 01 (UNI) Indian markets derieve their substance on global bourses, and as per the current state of affairs, it is difficult to predict how much the markets will gain when they open next week, however the experts feel, they will gain for sure due to the past week's stability.

Adding to this positive sentiment, are the US Federal Reserves statement that there will be no further hike in the interest rates, and the meterological departments prediction of 90-100 per cent of the long term average rainfall for July and August.

These two factors along with the sound closure of the derivatives contracts for the June 2006, will add towards strong opening of the sensex next week.

The Q1 June 2006 results would be another trigger for the market.

These are expected to be strong but a section of the market feels that they have already been factored into share prices.

Taking all these factors into consideration, it can be said though there will volatility on the sensex, but overall the sentiments will be positive.

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