Pri Market Comentary ...

Today,we expect a flat to higher opening to the trading session with global markets notching up gains. Crude oil prices have slipped sharply after China decided to raise fuel prices, stoking speculation that demand from the world's second-biggest oil consumer could slow. Later in the day, inflation numbers will dictate the near term trend of the market.

We expect the inflation for the week ended June 7, 2008 to be in the range
of 9.7-9.9%. These numbers are more or less factored in. However, an even higher inflation figure could again put pressure on the bulls.