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Saturday, October 06, 2007

$$ DreamGains !! $$ Global liquidity to dictate markets: Sharekhan Market Outlook dated October 06, 2007

Market Outlook
[October 06, 2007] Please see the attachment for details

Sharekhan
www.sharekhan.com

Summary of Contents

MARKET OUTLOOK

Global liquidity to dictate markets

We have seen a sustained one-way rise in our stock market after the US Federal Reserve (Fed) cut the key short-term rate on September 18, 2007. The Fed cut has boosted not just our market but the other emerging markets (EMs) as well. It seems that the US sub-prime concerns are a thing of the past. So what has suddenly changed that the EMs look more attractive than ever before? We feel there has been no change in the fundamentals. What has changed is the liquidity condition and the increased liquidity globally is expected to drive the EMs to a higher valuation orbit.

Regards,
The Sharekhan Research Team

myaccount@sharekhan.com

 

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Regards

BigGains !!
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