US stocks down : Asian Markets up, Nifty declines : 28 Oct 2013


Nifty closed in red before RBI policy meet due tomorrow . Reports on RBI macroeconomic view released today have lowered growth 4.8 % than 5.7% last year . RBI is likely to increase rates to fight inflation as CPI released this month was high which is a concern. Coming to earnings Maruti, Ceat , Ajanta Pharma , Blue Star , Dabur , Jindal Stainless posted numbers as per estimates .  The government has also cleared 13 FDI proposals which include Axix Bank, Shantha Biotechnics and Stork Titanium.

S&P declined on economic with weaker factory output and housing data . FED will start its meeting tomorrow when they will consider to start cutting down $85 billion of bond purchases . We may see a decline in Global Stocks if Fed gives us any hint on tapering . So lets watch and wait .

Strategy
No change in Nifty Sell Call for November Series
No Change in Bank Nifty Sell Call October Series
No change in #NzdUsd[partially open]


 

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