Pri-Market Commentary!

March 12, 2008

Today, we expect a strong gap-up opening, on the back of rally across global markets, led by Wall Street. Most of the Asian markets are trading higher after the Fed said it will pour as much as $200bn into the financial system to revive lending among banks. The undertone for the morning remains upbeat, but we do not rule out some cooling given the nervousness in the investors’ confidence following the recent sharp fall. However, for a change, the sun outage season, known for providing
lackluster movement can see some much needed sunshine for the bulls.