Sensex to stay firm on strong investor sentiment

Mumbai, Oct 1 (UNI) Backed by strong performance over the past few weeks the Bombay Stock Exchange Sensitive Index (Sensex) is in upbeat mood, and the sentiment is likely to continue over the next week.

The next big trigger as stated earlier would be the quarter two (Q2) financial results, and a beginning in that regard has already been made in the form of disclosure of date by financial major HDFC, that they will declare Q2 financial results on October 11. Other companies will follow soon.

Few experts also believe, in case the results are not upto the expectations other corrections may follow soon. Sensex is only 200 points short from the all time high figure of 12,671.11 breached on May 11, 2006, though the midcap and smallcap index is still far from their all time highs by around 1500 and 1000 points respectively, which is a food for thought for many investors who are planning to spend and buy in the stock market.

Overall, the week is expected to remain steady, though volatility is expected on account of lack of any immediate trigger.

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