Pri Commentary ...

Risk aversion is the name of the game TODAY, and will continue till the blood-letting subsides.A global recession was imminent, but no one knows how long it's going to last. For the short term, it makes sense to stay on the sidelines right now. We expect another weak opening given the fall across Asian markets and overnight losses in the US and Europe. And this time we aren’t recommending that you add some stocks. Volatility will remain high as has been the case in the past few sessions. The global de-leveraging process may continue for a while, as jittery investors run for cover amid no sign of a recovery in equity markets.