Dalal Street will tend to remain wobbly this week owing to the weak global cues. In the three-trading days last week, the BSE Sensex settled at 14,994.83 points on Friday with a gain of over 161 points, while S&P CNX Nifty closed at 4573.95 points, down 0.90 per cent.

Asika Stock Brokers’ Research Head Paras Bodhra commented :

“Markets would be volatile, there will, however, be a bounce back in the indices but the broader trend is down. Some amount of stability could be witnessed but there would not be a run up. Because the under current is quite weak, the repeated rate cut by the Federal Reserve shows that there is a credit crunch and the global growth rate is slowing down”.

For details, please refer to this Financial Express article :
Financial Express website

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