Pri Market Commentary ..

Today,the mood seems to have gone sour yet again in the last couple of sessions. The bulls appear to be lacking the ammunition and confidence to push the Sensex higher after over 10% gain this month. The past two sessions have been rather disappointing for the bulls, who were hoping to extend the recent advance. The trend could turn positive again if global indices rebound, and FIIs resume their shopping spree. By the way, the Hang Seng in Hong Kong has already turned positive after slipping in early trades.


The F&O expiry today will make things much more volatile. We expect a cautious to slightly lower opening and a choppy day.