Monday, October 19
Mumbai: Equity indices are poised for a relief rally Monday after the weekend announcement of a "pause" in hostilities with Pakistan, although the breather could well be short-lived if the situation along the border were to worsen yet again.Both benchmark indices declined around 1.3% over the past week, including a 1.1% fall on Friday, as concerns of a full-scale conflict prompted traders to liquidate their bets ahead of the weekend."There was apprehension among investors, especially at the fag end of the week, due to the rising tensions between India and Pakistan, which led to lightened positions," said Lakshmi Iyer, CEO-Investment & Strategy, Kotak Alternate Asset Managers. "The ceasefire is a big respite and is expected to trigger a relief rally on Monday."Iyer noted that while mark
