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    SBI numbers to decide Market mood: Ajay Bagga

    Synopsis

    In a chat with ET Now, Ajay Bagga, Market Expert, discusses what the trigger points are likely to be today

    ET Now
    In a chat with ET Now, Ajay Bagga, Market Expert, discusses what the trigger points are likely to be today

    ET Now: How does the market take to Janet Yellen statement? How does Asia react? How does the Indian market react? Do we go below 7200 and make a dash for 7000 perhaps in about two week’s time from now? Give us your immediate reaction to the market tomorrow given the cues that we have got today.

    Ajay Bagga: See looking at the US markets the futures trimmed their gains. The dollar rally shrugged off her statement. So not much can be made out of this statement. The market in anticipation of that moved up. We will get a little bounce if Europe and US end up strongly as they are showing right now. If they continue that strength, we go up a little but a lot will depend on SBI numbers and if there is slippage, then that will take the market down. However, before budget you are probably looking at 7000.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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