Way2Wealth's market report:
Domestic equity markets fell more than 2% and recorded their biggest daily loss in more than four months as Rate sensitive stocks witnessed heavy selling ahead of the RBI’s monetary policy review. However, lower opening of European bourses due to liquidity crisis in China and concerns that the US Federal Reserve might reduce its monthly bond buying program again weighed on investor sentiments.
Indian market is expected to open lower following muted trend in other Asian markets. Investors will keep a close eye in rate sensitive stocks ahead of RBI's monetary policy review due today. Other key variables to watch would be currency movement, along with movement of FII flows. Meanwhile, stock specific volatility led by Q3FY14 results is expected to continue
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