As the US and Europe markets are stumbling, Asian markets are also expected to be more volatile. However China and India may have a less volatile market movements in November'09.
This is supported by expected strong economic growth (around 6.7%) in 2009-10 and better turnaround results from India Inc.
Moreover, Sensex is expected to be in the range of 16500-17500 in Nov'09.
We can expect the market to be more volatile and touch record lows in recent days on 29 Oct'09. Again this is backed by the fall in Dow on previous day.
Anyway this will be a season for rational investors to get their picks!
No comments:
Post a Comment