Sensex to open on positive note
A rebound in Nifty above the 5630 levels will augur well for the time being.
A rebound in Nifty above the 5630 levels will augur well for the time being. Asian markets are up this morning. Reports state that a better- than-forecast US home sales has brought in some cheer. US indices saw one of their best gains in months with the Dow adding over 200 points.
Amid all the temporary happiness in the global markets, one can’t ignore the fact that escalating violence in the Middle East between Israel and Islamist political group Hamas will continue to dominate attention. Oil prices have inched higher and Israel’s Defence Minister Ehud Barak said the army was prepared to invade the Gaza Strip.
The euro fell after Moody’s Investors Service stripped France of its top government bond rating. Further downgrades are expected.
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India Infoline Research Team / 08:41, Oct 09, 2015
The Indian market too is expected to get off to a positive start. The Nifty looked geared to rally towards the 8300 mark but indices took a breather on Thursday.