Equity From the Dealers’ Desk (10 th June, 2013)

Markets continuously drifted downwards during the week. The sentiments were adversely affected on negative impact of currency movement and apprehensions that rising yield in global markets would cause flight of institutional investor from the equities. Also, investors were cautious due to the fact that US may partially roll back the economic stimulus package. Markets across the globe witnessed volatility ahead of
the key economic data in US. Broader concerns of liquidity pressure from the overseas and macro concerns continued to remain and this caused the equity markets to decline. Selective buying was noticed in export
oriented sectors as they will be benefited from strong dollar.