Thursday, February 28, 2008

Pri-Market Commentary!

Today, we are expecting a lower opening tracking the negative cues from the Asian markets. Most of the major Asian indices are trading down after the yen climbed to a three-week high against the dollar. Thereon, market could turn volatile.
However, we are likely to see lots of budget centric activity in sectors
expecting sops and subsidies from the Finance Minister. Also, one needs
to keep an eye on the Economic Survey to be announced today.With the Union Budget to be announced on Friday, investors might just decide to stay on the sidelines for a day. Most players will take a fresh call on the market after tomorrow.

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