Pri Market Commentary ...

Today, we see another tumultuous day for the bulls, which should begin with a cautious opening. The intra-day choppiness will continue and one may see some buying at lower levels, though the rebound may prove to be short-lived.The next big trigger will come from the first-quarter results, which will be declared over the next few days।

Markets around the world are fighting the twin menace of fire (inflation) and ice (growth slowdown). Some say it may only be the beginning of the bear market, while others are a bit more optimistic. On the whole, the market remains jittery, vulnerable to daily dose of bad news. Traders and investors are hoping that the market will bottom out soon.