We have had a rip-roaring party on the stock exchange the past few sessions. The indices have zoomed. All are bears have turned bulls. (leave a few exceptions) And now there is political instability, as Mamta Banarjee has announced withrdawal of support to the UPA, brining in the prospects of a mid-term election. In effects it means, no more reforms.So what happens to our stock market.? The question is how the market will open and trade on Thursday.?
I presume an indicator of things to come will be reflected on Singapore Nifty tomorrow.
However a preview of it is already reflected on NYSE. ICICI ADR have been trading 2% lower. Infosys though is muted in reaction and is down 0.40% presently (half day of trading)
Probably, we can expect a gap down and a correction of about 1-2%, hopefully.
What are member's views?
I presume an indicator of things to come will be reflected on Singapore Nifty tomorrow.
However a preview of it is already reflected on NYSE. ICICI ADR have been trading 2% lower. Infosys though is muted in reaction and is down 0.40% presently (half day of trading)
Probably, we can expect a gap down and a correction of about 1-2%, hopefully.
What are member's views?