Key benchmark indices closed positive in the second consecutive week as the buying support was witnessed in IT and Realty stocks. To improve liquidity conditions in the banking system RBI surprised on Monday evening announced a reduction in the MSF rate by 50 basis points to 9%. Buying was also observed in the banking stocks; BSE Bank index closed more than 4% up. Going ahead, next batch of second quarter results, inflation data for September 2013 and debt-ceiling talks in the United States amid a shutdown of the US government will dictate trend on the bourses.
Techno- Funda Recommendation
Though the prevailing trend of broader index is up but keeping in mind volatile market condition, we are not initiating any fresh recommendation this week. For pending recommendations, we have updated all the relevant information.