The first full-day trading session of Samvat 2068 has already seen the BSE benchmark surge more than 600 points in the opening trade. The euphoria in this rally, backed by European Union’s bailout fund of about Euro 1 trillion, however, could only be short-lived, says Jai Bala, chief market technician at Cashthechaos.com.
As the street calls it 'terrible Thursday', the market today saw Sensex and Nifty mourn over US Fed warnings. In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says the 'unexpected' fall of over 4% is all set to place an alarm for the trade on Friday but expects to see a good recovery on Monday.
Talking about sectors that take such times on the chin, SP Tulsian of sptulsian.com says sugar is one such space that is unlikely to see any fundamental bullishness.