Dalal Street is expected to have gap down opening on 28th Nov, even as it may rebound later in the day due to the terror attacks that shook the country''s financial capital, analysts say. The market will most probably open in negative terrain but national fervour could help it in closing better, said Arun Kejriwal, director, Kejriwal Research and Investment Services.
Global research firm Moody''s Economy.com said, although the terrorist attacks are expected to affect market sentiment, local investors in Mumbai are well acquainted with terrorism and unlikely to engage in panic selling.
In addition to this, in the July 2006 Mumbai train bombings, which killed more than 150 people, the benchmark Sensex had continued to rise in the days following the blasts, Moody''s report stated. But with the economic climate very different from 2006 and the current attacks aimed explicitly at foreigners, there is a chance that markets may react sharply when they open next, it added. Ashika Stock Brokers research head Paras Bothra said that with the markets remaining closed today the investors have already discounted the impact of the attacks.Terror attacks, which have rocked Mumbai since last night, included incidents of shooting at the Taj Hotel and Oberoi Hotel and have claimed at least 100 lives.
Global research firm Moody''s Economy.com said, although the terrorist attacks are expected to affect market sentiment, local investors in Mumbai are well acquainted with terrorism and unlikely to engage in panic selling.
In addition to this, in the July 2006 Mumbai train bombings, which killed more than 150 people, the benchmark Sensex had continued to rise in the days following the blasts, Moody''s report stated. But with the economic climate very different from 2006 and the current attacks aimed explicitly at foreigners, there is a chance that markets may react sharply when they open next, it added. Ashika Stock Brokers research head Paras Bothra said that with the markets remaining closed today the investors have already discounted the impact of the attacks.Terror attacks, which have rocked Mumbai since last night, included incidents of shooting at the Taj Hotel and Oberoi Hotel and have claimed at least 100 lives.
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