Market View 01 November 2007

FED CUTS RATE BY 25 BPS

As expected FED cuts rate by 25 bps to 4.5% which is inline with market expectations. This is no such surprise & the bull run to continue with new funds to enter emerging markets like India.

We had clearly mentioned about the rate cut on 24th October , 2007, read more on http://alliesfin.blogspot.com/2007/10/market-view-24-october-2007.html

Also we had mentioned about CRR hike on 25th October 2007, read more on http://alliesfin.blogspot.com/2007/10/market-view-25-october-2007.html

Due to the rate cut & CRR hike markets will be highly volatile as both are contra things happened. But its clear the in panic buy.

Due to rate cut the following sectors will looks better :

Reliance pack
Engineering
Banking
Reality & infra
Telecom

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AXIT SHAH
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E Mail : alliesfin@gmail.com

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