Observing
the markets today, Sachin Karpe
explains that riding on the final day of September F&O contract’s expiry,
equity markets had a flat start. Domestic institutional investors went heavy on
profit booking today even when FIIs were in the mood to buy.
Since we
are in a threshold of earnings season, which has turned out to be the weakest
in many quarters, the effect will show on the market which will again go
volatile. Therefore, it is possibly the right time to move out of tactical and
positional calls before the start of a new F&O Contract, feels Sachin Karpe.
The general
positive mood in markets kept the rupee at positive but it continues to show
signs of slipping down by month end. Sachn
Karpe warns saying, Global cues too continue to be critical for the RUPEE’s
stability and add to the inherent uncertainty in the forex market.
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