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India market forecast

Nifty Future opened on a flat note but tumbled from there on to hit its lowest closing level in almost three weeks due to steep slide in global crude oil prices stoked fears about deflation and as the prospect of Greece dropping the euro weighed on global equity markets but in later part of the week witnessed recovery from the lower levels and extended gains on the last day of the week getting help from factors like IT major and index heavyweight Infosys led a rebound, Hindustan Unilever scaled record high, buying seen in pharma sector from the lower levels.

by By Vivek Gupta, CMT – Director Research, CapitalVia Global Research Limited January 09, 2015