Pre-Market Commentry !!

Today, we expect a spillover of healthy cues from the global markets on Indian bourses at least for the better part of the day. US markets closed higher after Intel Corp’s Q1 profit met analysts' estimates. Markets have been on a rise, ignoring record-high inflation, rising crude oil prices and low trading volumes. So, one need to be cautious, because every rally has been followed by a sell-off in the recent months and any negative surprises on the earnings front or disclosure of derivative losses could result into paring of these gains. We advice investors to be wary at higher levels and not carry trading positions to next week.