Sensex crossing the crucial 60,000 mark, the frontline indexes closed higher for the week By Dr. Joseph Thomas, Emkay Wealth Management
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Below are Views On Sensex crossing the crucial 60,000 mark, the frontline indexes closed higher for the week By Dr. Joseph Thomas, Head of Research, Emkay Wealth Management
With the Sensex crossing the crucial 60,000 mark, the frontline indexes closed higher for the week, supported by better clarity on the Fed tapering of the bond buying program after the FOMC statement which said that the tapering may happen soon, and the broad indications that the rate action may be much later next year. While banking and IT zoomed during the week, most of the sectoral indexes closed in the red today including Healthcare, Metals, FMCG and Consumer Durables. Ahead of the weekend, with the depth of the damage which may be caused by Evergrande still not clear and some economic numbers from the US likely to be released, the markets may witness some amount of volatility during the course of the next week, and also some profit booking.
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