I don't think the recent controversy will have any lasting effects, although it may temporarily hang over the stocks. |
If the case gets reviewed, it is likely to become a long-drawn matter that will negatively affect sentiment for a while. |
Investors remain concerned about the growing political tension and many sold ahead of the weekend in case changes take place during that time. |
Still, we may see rebounds in the afternoon on bargain-hunting by long-term buyers in construction, energy, and brokerage stocks that decline significantly. |
Technical signs are also positive and the index is likely able to stand above 755 for the day. |