Pri Market Commentary ...

Today, we expect yet another cautious to higher opening on Dalal Street. Lack of positive triggers and uncertainty among the participants regarding the future course of market direction has made this month’s F&O expiry a tame affair. However, today being the last day of expiry of August contracts, heavyweights could swing sharply adding volatility to the market. Also, crude oil prices inching higher and inflation climbing further could add to the weakness. With first quarter GDP numbers to be released tomorrow, investors should remain on the sidelines.