Today,we expect the ongoing weakness to continue in the market though value buying at lower levels could bring indices in the green.The near term uncertainty is likely to prevail. While inflation is at record highs, crude has managed to cool a bit to around US$124 levels.Continuous selling by the FIIs is another cause of concern.
Today, any major fuel price hike at cabinet's meeting could provide an immediate trigger. However, a marginal increase is already factored in. Globally,fresh worries have emerged again after Lehman Brothers in US fell to its lowest level since August 2003 on concerns that it may report its first ever quarterly loss.
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