Sensex Down Taking Cues from Global Markets Global cues clearly had a downward influence on our markets as the weak opening indicated.

1. Sensex Down Taking Cues from Global
Markets
Global cues clearly had a downward influence on our markets
as the weak opening indicated. All leading sectors that have
otherwise helped hold the indices up, PHARMA, IT and FMCG
succumbed to the onslaught of the negativity that has suddenly
hit global markets, particularly on the back of weak data from
China, Europe and in certain parts, even the US.
It is clearly a market that is trending on the basis of FII flows
(outflows at this stage) and is ignoring the announcement of
earnings from the domestic Co’s. This behaviour is also

2. indicative of the uncertainty that prevails in the minds of most
domestic traders, given the listlessness that creeps into our
markets at lower (closer to 5900) and even higher (closer to
6100) levels. We continue keeping a close watch over the
international developments particularly in the emerging
markets and the likely impact that the taper may have on our
currency and equity markets as well.
Catch Financial Adviser – Sachin Karpe @
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