Equity Pulse : Your e- magazine for this week

Dear Kundapur Govardhana Kini,   We understand the need for the right research to make smart  investment decisions. To keep you well informed, we bring to you the market outlook for this week.   The last week proved to be a very volatile one for the markets. On the very first day of the week, the market fell sharply on negative global cues and weak sentiments, with both the Sensex and the Nifty visiting their late-August lows, respectively. On the remaining three days, however, the market saw a dramatic recovery with both sided movements.   On a week-on-week basis, the BSE Sensex added 262 points or     1.65% to close at 16158.28. The global markets also saw high volatility during the week   Economic data that came during the week, broadly remained     positive for the markets The Indian market also got some support from the comments      by the Finance Minister regarding the gradual listing of PSUs, in the future FIIs, however, remained on the sell side for the week   After falling for six consecutive days, the Indian markets made a comeback during the last three days of the week. However, the pullback rally lacked confidence as far as retail participation is concerned due to high volatility during intra-day trading.   The broad sentiment has also been weak for the time and a     further fall is expected from these levels   Meanwhile, the US Federal Open Market Committee in its latest     meeting kept its benchmark rates unchanged   In the coming week, the Indian markets will closely await the IIP     data for September and also the monthly WPI data, which is being introduced from next week   Overall, the sentiment is likely to remain weak for the coming week with both sided movement and high volatility.   Best regards, ICICIdirect.com