Pri Market Commentary ..

For the day, we see a sleepy start. There is no clear direction, but a steeper than expected fall in inflation could perk up the sentiment, as it did last Friday. Select heavyweights may be propped up to make the markets look good. Still, one cannot afford to go overboard, as things like additional dose of fiscal and monetary stimulus have already been discounted. Traded volume will remain low across the globe, with many participants choosing to extend the Christmas vacation. Asian markets are pretty mixed this morning, with the Nikkei in Tokyo up over 1%. Others are marginally up or down. Hong Kong markets are shut for Christmas.