India Morning Report: Shorts Do Not Roll Into The Next Contract


The Bombay Stock Exchange, in Mumbai, is Asia'...
The Bombay Stock Exchange, in Mumbai, is Asia’s oldest and India’s largest stock exchange (Photo credit: Wikipedia)


Markets will likely respond to a late global sell off again not a very strong one as global markets finally tire of the purported change in circumstances and wait for real liquidity and esp value. The rerating of China will likely dovetail into this inconvenience for portfolio managers though a large sell off is unlikely and yet a small short goes a long way for expiry of NSE FAO contracts ( now including BSE as well)


The Rupee strength will also likely be on hold for the week and homegrown hits from the Kapoor cousins Kareena and Ranbir gladden the big screen ausdiences than shopping and the usual festivities as August Car Sales dropped off the cliff but it does not seem a harbinger of much more pessimism yet being a follow on condition from the “more durable” slowdown


The indices are yet inching up in pre open as markets realise that there are no sellers despite the month end pressure on expiry week to give up “extraordinary gains”




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