Step back into safety - IIFL

August is behind us and thank God it ended with a bang after whimpering around most days of the month. We are into the September series and ‘Septaper' will be on every investor's mind. The situation in Syria remains under watch by investors. Prime Minister David Cameron said that Britain would not participate militarily in any strike against Syria as the UK Parliament voted against the same.

We have the GDP numbers which will be announced after market hours today which will give some more reason perhaps for pessimism to rise even further given the prolonged slowdown.

The outlook is a flat start. The rupee which recovered smartly on Thursday will continue to keep investors on tenterhooks. Speculation on the GDP numbers could cause the indices to taper towards close. Global cues are nothing much to write about. Around noon, the PM Manmohan Singh will make a statement in Parliament on the state of economy and touch on the rupee's sharp swing against the dollar.

Source : Equity Bulls

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