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Market Outlook: BSE Sensex may continue to fall ahead of RBI,US Fed meets

Shares are expected to decline ahead of RBI,adding to their biggest weekly fall in five this week.

Written by Reuters |
December 13, 2013 5:52:21 pm

BSE Sensex is expected to decline next week,adding to their biggest weekly fall in five this week,on caution ahead of wholesale price-based inflation,the central bank’s policy review and the U.S. Federal Reserve meet.

Rate-sensitive stocks are expected to lead declines after a pick-up in retail inflation to its fastest pace on record was seen forcing the central bank to raise interest rates for a third time on Wednesday.

Markets Top Gainers,Markets Top Losers

Option traders and technical analysts however say support for the NSE index is seen at around the 6,000 level.

Post-RBI,the U.S. Federal Reserve’s policy decision will be closely monitored to see whether they choose to taper its monetary stimulus or for clues on how soon the taper would begin.

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