Today,we expect history to get repeated today. After a cautious to lower opening, things should start looking up again, especially if oil prices remain stable or fall further, and global markets hold up. Another positive could be the strong revival in monsoon, which should ease inflationary expectations.
After a five-day, 2300-point rally in the Sensex, the bulls decided to take stock of the situation. Hence, the correction in the last two days. Friday's serial blasts in IT hub Bangalore made matters worse. Sentiment may get hit further (albeit temporarily) by weekend blasts in Ahmedabad. History shows that stock markets have bounced back in the aftermath of terrorist strikes.
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