• search

Foreign funds to decide Sensex fate next week

Written by: Staff
|

Mumbai, Sep 17: The declining crude oil price, rising rate of inflation, rising FII fund flow, the rising Forex reserves and the forthcoming Q2 financial results, are some of the factors which will decide the performance of equity market in the coming weeks.

The foreign funds grew for the week and with strong fundamentals in view it is expected to grow further. The net FII inflow in two trading sessions, between September 13 and 14 was over Rs 1,000 crore, that after index fell 368 points on Monday on high FII selling pressure.

The next big trigger is expected to be Q2 financial results and a lot of decisions will be based on that performance.

According to Morgan and Stanley, a ratings agency, Sensex will remain range bound between 11,900 to 12,500 for this year, but will cross the 13 k mark in the first part of the year 2007.

Midcap scrips are expected to do well in the coming weeks.

In addition, the declining crude prices will help to bring down inflation and will also help in controlling the prices of domestic fuel.

Overall, the markets is expected to remain range bound between 11,900 and 12,250.

UNI

Related Stories

BSE Index gains 91 points for the week

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more
X