Indian markets will open to mildly negative cues from the global markets with US deflation worries causing nervourness among investeor community. Wall Street ended marginally in the red with Dow losing 22 points and Nasdaq down by 15 points.
Nikkei is trading down by 0.3 pct while Australia is down by 0.2 pct. Australian dollar hits new 26-month high against the US dollar on thursday while New Zealand second-quarter GDP went up by 0.2 pct, below economists expectation.
Dalal Street : Waiting for more inflows or cues ?
After a mamouth rally Dalal Street is waiting for the next step. While F&O expiry slated for next week might add more volatility to the indices, Markets still look good for another upswing with Nifty support level pegged at 5800.
Infrastructure stocks are showing some life in yesterday's trade. Watch out for offbeat sectors like Ceramics to buzz on the street. While power sector started participating, there are many sectors that missed the rally. While Banking, Auto sectors are likely to be the laggards in the next 6 months to one year time frame, we expect Realty, Infra to pick up pace in the coming months