The Wednesday turned out to be more than just another day as the German constitutional court
gives its nod to the much awaited new Europe's bailout & the good news spread forward as they stated how the ESM - European Stability Mechanism didn't violate any of their laws.
The positive sentiments created definitely pushed the world markets up with our very own BSE crossing the 18000 mark yesterday.
What to look forward to - the week ahead:
1. Federal Reserve's policy meet.
2. The inflation for- August which will be provided by end of the week.
3. RBI policy meet on 17th Sept, though not expected to be much of a cause of any major swings in the market ahead.
Where to stay:
As a start-of the month ET article points out, Investors remain positive about the ever-green pharma.Moreover, with government approving 8 FDI proposals on pharma, worth Rs 1842.5 Cr, the pharma stocks had already been topping the list even at the times of flat sensex last week.
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