Pri Market Commentary ...

Today, we expect a positive gap-up opening. Strong cues coming in from global markets are likely to help keep the Indian indices afloat. Crude cooling to some extent will add further comfort. However, any rally is likely to be temporary in nature. Remain cautious and use the gains to re-balance your portfolio.

The political developments being on expected lines saw the Indian market paring its losses though it ended in the red. The Left parties decision to exit from the Congress-led UPA government has more or less put some uncertainty to an end. Power and capital goods stocks were among the major gainers on Dalal Street as sentiment improved on counters which could benefit from the long pending Indo-US nuclear deal.