Last week markets all over the world went through a very high volatile phase. Financial crisis scared the investors but settled down with the intervention of Federal Reserve. Markets tumbled following the news of Lehman bankruptcy, Merrill’s take over, AIG’s request for bail out etc. It’s really gestation period. Fed has come out with a bail out plan to rescue more companies. But the big question is if they could come out of this big crisis in the near future. As far as the Indian companies are concerned, every one is waiting for Q3 results. They might not be as good as they were expected earlier. Any surprises would boost the Sensex at least for couple of thousands.
Wholesale Price Index based inflation was slightly up at 12.14 for the week ended September 6th against a previous figure of 12.10. The monetary measures taken by RBI and fiscal measures taken by the Government are expected to yield results only after November. Till that time 2 digit inflation is a sure-shot. Crude prices are little over $100. It’s not the centre of the news as some interesting news flowing down every day.
It would be interesting to watch Nuke-deal proceedings over this week. This would give a boost to markets once it is through. Today Sensex ended almost flat; started with a positive note but soon slipped into negative zone as profit selling was witnessed in some counters.
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Sathish Emmadi
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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