Thursday, July 17, 2008

Pri Market Commentary ...

Today,a green opening with a gap is a welcome sign after shedding over 1,400 points in the last five trading sessions.No more inflation Friday noon’s to worry about. Given the accuracy of the leaks, the information now will be available to everyone at 5pm on Thursdays. But don’t be surprised if the expectations start floating around during the last half an hour today.

FIIs remain on the sidelines. The overseas investors have to resume their shopping spree. That may take a while to happen as macroeconomic fundamentals continue to remain weak. Inflation numbers will be declared at 5pm on Thursdays starting today. This will avoid the Friday noon volatility. Oil marketing companies could be in the limelight following the fall in crude prices.

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