Posted By : Kishore B.S
Hi Friends !!!
Our markets opened on a weaker note today after the last 3 consecutive positive trading sessions. The negative sentiments today could be attributed to the fading of investor sentiments after the ECB meet and no announcement by the FED.
Most of the market participants across the globe had been expecting some Quantitative Easing from the ECB or the FED to bolster the shrinking World Economy. Except for the Positive newsflow from China yesterday which provided some support for most of the world markets.
Today also marked the depreciation of the Re against the Dollar which renewed the selling pressure in the Indian markets, however the negative streak halted in the Afternoon session and some buying interest was witnessed at lower levels below the 5000 mark.
The last hour of the trading session witnessed huge buying interest across the board helping the Indices to close in the green due to which the Indices closed in the Green for the first week in the last 5 weeks.
(Inputs Mr. Hemanth .V, Faculty TA, Stock Market Institute, Bangalore)