Commodity Tips :- US-France-UK Air Strikes On Syria, Q4 Numbers To Sway Market

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The domestic equity market crawled up slowly amid war-like threats between the US, its allies and Russia during the week gone by. Certain stocks remained muted with virtually no strength to inch higher and remained rangebound throughout the week in spite of bullish global cues.

 

When global cues were positive, Indian markets were lethargic, which indicated that the market has reached plateau and is in a wait-and-watch mode.

 

Even when the market has begun to discount the fears, early Saturday’s air strikes on Syria by US, British and French forces have completely changed the equation. This will now be a key trigger determining market direction in the forthcoming weeks. The Dow closed 100 points down in Friday’s trade just before the air strikes. By Saturday morning, Dow futures traded over 100 points down, signalling bearish sentiment across markets.

 

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