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Go with the flow

With positive news incoming from the USA and adequate domestic data flow, the week ahead will be lively and a trader's delight

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The markets fell for all the four trading sessions of the week post Diwali Muhurat on Sunday. The BSE Sensex lost 530.66 points or 2.50 per cent at 20,666.15 points. The Nifty lost 166.45 points or 2.64 per cent to close at 6,140.75 points. The broader indices like the BSE100, BSE200 and BSE500 lost 2.50 per cent, 2.20 per cent and 1.99 per cent respectively. The BSEMIDCAP gained 0.54 per cent while others lost and BSESMALLCAP gained even more at 1.24 per cent. Very clearly there seems to be value buying happening and the general apathy towards midcap and smallcap seems to be reducing if not going away. It maybe early days but there is certainly better participation in the broader market. The top gainer amongst sectoral indices was BSEIT up 1.48 per cent. The other gainers included up BSEHEALTHCARE up 0.36 per cent and BSE POWER up 0.31 per cent. The losers were led by BSECON DURABLES down 6.94 per cent, BSEBANKEX down 6.16 per cent and BSEFMCG down 3.15 per cent.

US Presiden Obama
Seeking jobs: The US President has spoken about creating jobs by increasing exports to better the US economy. Pic/AFP

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