Market Pulse - 03Oct23 -Bargain hunting activities may emerge

Sector focus: As Wall Street traded mixed with positive Nasdaq movements, we expect the buying support to spillover to technology stocks on the local front. Meanwhile, given the crude oil prices tumbled overnight, profit taking activities may be seen on the O&G stocks. Still, we believe the traders may position themselves ahead of the Budget 2024 (13th of October) within the construction, building materials and renewable energy sectors. 

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