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The exchange fell over as dealers
reacted to the dramatic economic
news from the U.S. where the
government took control of mortgage
groups Freddie Mac and Fannie Mae,
in the biggest financial bailout in
world history.
Trading was halted at 8.45 a.m. and
more than four hours later the
problem had not been rectified.
The LSE said the system had been hit
by a "connectivity issue" and
insisted that the problem did not
lie with its flagship TradElect
trading platform. |
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BSE Sensex
may test 15,000 in 1 week:
1. Inflation was eased to 12.4% from 12.63%. This is an
unexpected positive trigger especially for sensitive
sectors like Banking, Real Estate and Auto. This is the
first fall in 28 weeks. Stock markets which are in
uncertain zone due to this inflation fear will bounce back
strongly as RBI may hesitate to hike repo rate but I will
not rule out CRR hike in September.
2. Crude oil price: Crude oil price fell by $3 per barrel
but one should not rule out pull back. But it is a relief
that price was eased to $116 from $119 in just 2 days.
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3.
American economy: Dow Jones gained sharply on the news of
unexpected growth in American economy due to increase in
exports. GDP increased at 3.3% against estimates of 1.9%.
Both Dow Jones and Nikkei gained by more than 200 points.
4. Derivative expiry over: Indian stocks fell on Thursday
due to August series derivative expiry. So investors will
start fresh purchases due to these positive triggers.
5. Lack of major negative triggers over short term is
another positive aspect.
6. Government is planning to lift ban on the trading of
some commodities like Soya and rubber etc.
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Why should
you be careful?
1. Crude may bounce back at anytime due to storms and
disruption of supplies.
2. Inflation may once again move upwards in the coming
weeks. That fear may spoil the market sentiment from
Wednesday onwards. RBI make hike CRR in September.
3. Falling rupee: Weakness in currency will keep the
foreign investors away from Indian stock markets. |
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4. Poor
Q2 results: Many companies will announce poor results in
the next quarter due to rising input costs. So use this
short term rally to make quick gains.
5. Global slowdown: Economies of America, Japan and
European Union are on the verge of recession. China is
also showing signs of slowdown. GDP growth in England is
at 0%.
3. Falling rupee: Weakness in currency will keep the
foreign investors away from Indian stock markets.
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4. Poor
Q2 results: Many companies will announce poor results in
the next quarter due to rising input costs. So use this
short term rally to make quick gains.
5. Global slowdown: Economies of America, Japan and
European Union are on the verge of recession. China is
also showing signs of slowdown. GDP growth in England is
at 0%.
6. Indian GDP below 8%: Inflation and high interest rates
are responsible for “Stagflation”. So don’t expect
sustained rallies.
7. High valuations: Valuations of Indian stock markets are
still high when compared to other emerging markets. |
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