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.   Indian markets ended their three weeks of gains in the previous week. Though the markets started the week with a positive undertone, they never looked confident enough to carry forward the gains of the prior weeks to further higher levels.   After a significant sell-off on the fourth trading day, the market     moved with high volatility on the last day with a sharp fall, followed by smart gain during the last hour of trading   On a week-on-week basis, the BSE Sensex shrugged off 390     points or about 2.3% to close at 16632.01 The global markets also moved in a similar way with an overall     weak sentiment FII activities remained very low during the week   Indian markets failed to test the recent highs during the previous week. Markets, in fact, struggled to even sustain near those highs.   Interestingly, markets not only in India but across the globe     have been factoring in all the positive news for quite sometime including better forward earnings outlook, improving economic scenario, etc   Renewed jitters over the global financial health after the     emergence of the Dubai debt crisis, on the other hand, has already taken a toll on global markets   The US dollar also strengthened against a basket of global     currencies during the last couple of days. This trend may continue in the short-term. This, in turn, may again put pressure on equity markets   On the economic data front, the market will wait and watch for the Q3 Indian GDP data on the very first day of the week After the sharp recovery on the last day the market may see some positive momentum during the coming week. However, pressure is likely to be there at the higher end. Sincerely, ICICIdirect.com Did you know : You can set SMS Alerts to receive stock quotes  of your favourite stocks