Today,we expect our market to soften at the opening bell. The key indices may turn choppy later in the day, as the global cues will continue to determine the overall market trend. The sentiment will remain jittery due to the uncertainty surrounding the US and other key global economies. What might add to the nervousness will be the inflation numbers and anxiety over the latest quarterly numbers.
The Dow Jones fell sharply overnight as weak economic reports contributed nervousness ahead of the House vote on the US$700bn bank rescue plan later on Friday. A positive outcome will help in restoring confidence in the financial markets. Until that happens, one must remain careful and keep a close watch on developments underway in the US.
