Amar Ambani, Head of Research, IIFL said, “The September series has got off to a positive yet tentative start. Data in the F&O segment suggests that any drop in sentiment could trigger a sharp fall as investors continue to be nervous regarding currency movements and global developments. For the week ahead, market participants will focus on August auto sales numbers besides PMI data. The Q2 GDP numbers will also give an idea of the progress in the economy. While one of the worst falls in nearly seven years is behind us, there is no guarantee that sanity will prevail for long given the upcoming events in September.”
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