Q2 earnings to set tone for markets

Rising for a second straight week, benchmark indices clinched their biggest weekly gain in nearly four months since June 19 after the US Fed hinted that it won’t raise interest rates soon. Further, rebound in global commodity prices during the week has also aided the sentiment,For the week end October 9, the BSE Sensex reclaimed its psychological level of 27,000 and rose 3.27 per cent or 858 points to end at 27,080. The Sensex had gained 3.3 per cent in the week ended June 19. The CNX Niftyreclaimed 8,000-mark to settle at 8,190, up by 239 points or three per cent.The broader markets, however, underperformed their larger peers.   Himanshu Tiwari Astrologer Blog

 The BSE Mid-cap Index finished 1.1 per cent up at 10,938, while the BSE Small-cap Index settled 2.7 per cent up at 11,349. Meanwhile, market players’ sentiment was also bolstered as a plethora of commercial banks offered a reduction in their base rate in the wake of a more-than-expected 50 basis points (bps) cut in the repo rate announced by the Reserve Bank of India.

According to Ravi Shenoy, assistant vice-president, Mid-Cap Research, Motilal Oswal Securities, “Indian indices ended the week with positive gains of three per cent plus as a ‘risk-on rally’ globally also powered Indian equities. Crude prices as well as metal prices have rallied this week, as investors take bottoming out bets. Metal and other commodity producers in India rallied, as did lenders with exposures to this segment. Housing Finance was another space which witnessed traction on expectation of RBI’s new norms for affordable housing which got notified towards the end of the week.”         Indian stock market astrology prediction

The lower-than-expected US jobs data for September, which was released earlier this week, has put the US Fed on pause until the end of this year.The US Fed’s decision made the dollar lose its grip against world currencies. The Indian rupeefinished the week at 64.73, strengthening for the second consecutive week.     Share Market Astrology

The surge in global commodity prices supported the rally in metal stocks. The BSE Metal index jumped nearly nine per cent for the week. Vedanta logged gains of 24 per cent after it said the average gross operated production and working interest production were up six per cent and four per cent, respectively, in Q2 September 2015 over Q2 September 2014    Personal Numerology
.