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"While it is encouraging that Fed officials have started to point to an end in sight for rate rises, such a pause will remain conditional on a fading inflation and a cooling labour market. This has yet to be seen in the data," said Mark Haefele chief investment officer at UBS Global Wealth Management.

“The Indian market has been outperforming the global markets as of now and we anticipate a decent rise in the next one year with targets of 20,500-21,000 anticipated since the last one year has been stagnant and with a breakout above 18,600 zone, at least 12%-15% gain is expected,” domestic brokerage Prabhudas Lilladher said.

Market watchers are keeping a cautious eye on inflationary pressures and any signs of risk for regional slowdowns.

Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel by 0340 GMT after rising 2% last week. U.S. West Texas Intermediate crude for December delivery was at $84.66 a barrel, down 39 cents, or 0.5%.

Many companies come up with rights issues to become debt free. Recently, Suzlon Energy came up with a rights issue with the motive of repaying outstanding borrowings availed by the company.

As you worship goddess Lakshmi to bestow you with prosperity, look at the goddesses in your own family, be it yourself, your mother, your sister, your wife, or your daughter, and empower them with the ultimate power of financial freedom. Here’s what you must do.

Muhurat trading will be lighted up by fireworks from the bulls who are set to charge with the support from the mother market US which was strong last Friday.

Since 2012, the Muhurat day trading sessions of 2012, 2016 and 2017 have been the only three occasions when Sensex ended up eroding wealth on Diwali. The year 2017 has been the worst Diwali in the last decade with Sensex losing 0.6% or 194 points, while in 2016, it ended flat with a loss of just 11 points.

Investing in US treasury has a twin advantage at a time when the US Federal Reserve is increasing rates and the dollar is getting stronger, said Bank of Baroda chief economist Madan Sabnavis. It helps gain higher returns in the long term. "Also, investment value remains strong. Any other currency will face depreciated value on principal in the present environment," he said.

The volatility index, India VIX, has slipped to 17.4 levels, indicating that volatility is gradually subsiding, thus providing a comfort factor to the bulls. Chart patterns suggest that the zone of 17,400-17,450 will be strong support going forward. Until the index sustains above the level of 17,400, we may witness continuation of this rally up to 17,850-17,950.