Pri Market Commentary ...

Today, we expect Tuesday’s momentum to continue. However,weakness in US market and mixed trend across the Asian markets could play spoilsport. Moreover, there could be some profit booking as the Sensex has surged by over 500 points in the two trading sessions. A host of interest rate sensitive stocks have rallied from their oversold
positions.

We advice booking profits in these scrips, as uncertainty may prevail over the medium term following concerns of higher inflation. The US indices fell overnight but most Asian markets are on a firm ground. The overall trend could slightly favour the bulls purely due to the current momentum though there may be some cooling at higher levels.