Lower
international crude oil prices in tandem with benign
US interest rate outlook are expected to keep domestic
market sentiments positive. We expect market to remain
supported, as Rs. 9000 crs gilt auction scheduled for
Oct 13 is the only auction for the month and is expected
to sail through smoothly given comfortable liquidity
conditions. With improved market sentiments, we expect
the 10 yr gilt to trade within a range of 7.50% - 7.75%. |