Crystal Ball – August ‘09

Yogi — Sat, 29 Aug 2009 16:16:01 GMT

Continuing the bull run, Dalal Street is likely to touch fresh highs this week, primarily fueled by higher funds flow from Foreign Institutional Investors amid positive global cues, so say analysts. Confidence seems to be back in the market and risk appetite has increased considering the good corporate results. Analysts say a rally is on the anvil for the large cap stocks, besides banking, metal and oil & gas sector, as they have underperformed in the last week of July.

However, analysts caution that a correction might come in as the US markets are already overbought.

This article is written for InvestmentYogi by Lovaii Navlakhi, IMM.

Investing It! : Dalal Street, US markets, gas, banking, positive global cues

Crystal Ball – August ‘09