Following the overseas and Asian markets,the Indian markets have opened weak this morning.Sub prime story is back into actions once again.Many other factors are going against the US markets like the rising crude prices which is hovering around $100/barrel has led to General Motors to announce its biggest ever quarterly loss .

Then the appreciating rupee which almost hit its ten year high yesterday is leading to weak openings in the Technology sector.But as always the fundamentals of the Indian companies and economy in general looks positive which is clear from the fund inflows.The sensex and nifty is going to be range bound today with major support levels coming at 18,800-18,900 levels for the sensex and nifty at 5,700 levels.The major sufferings coming from the telecom sector with Bharati and Reliance down because of the spectrum issue going on at the center.Anyways we at sharemarketslive.info wish all the readers a very happy and safe Diwali.

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