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.
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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