Pri-Market Commentary!

Today, we expect a strong start given the positive cues from the global markets. US markets closed higher and Asian markets too are trading higher after existing US home sales climbed, fuelling hopes of a revival in the housing sector.

Investors should use any rally to exit weak stocks and move into better quality scrips. Liquidity still remains a major concern, resulting in lack of any follow-on buying.

The bulls had something to cheer about yesterday, but the advance was largely due to short covering in select heavyweights. The broader markets continued to bleed.