Pei Market Commentary ...

We expect the market to open higher today following the overnight rebound in US shares. Another catalyst could be the continuing moderation in inflation and easing of the liquidity crunch in the domestic money markets.

Some corporates may allow themselves to get emotional. But don’t try it with your holdings. There are challenging times when you need to let go of things close to you for your own survival. Such is the condition of the markets too. The bulls appear to be in a mood to add some greenery to the dry indices. Last afternoon they made their presence felt which helped the key indices recover after the BSE Sensex nearly breached the 10,000 mark. What could boost the sentiment is that the traded volume and turnover improved sharply over the previous day.

Remain on guard as the market breadth was negative. These gains and green are just moments to charge you up and give hope that all is not lost. Don’t use it to make any fresh entry.