Today, we expect the market could open on a positive note, as Asian markets have rebounded from a weak start and US stocks too ended higher on Friday's shortened session.As far as outlook for the markets is concerned, the undertone will remain fragile and nervous. Though the bulls can take some solace from last week's rebound in US and other global equity markets, the economic gloom is unlikely to go away in a jiffy. It is amply clear by now that the rebuilding process - on the economic front as well as the political front - is going to be a protracted and painful one. Brace for it and take a wait and watch approach. Long-term investors (or should we say bravehearts) can dabble in quality shares in very small quantities.
As if the global financial meltdown and the economic slowdown was not enough, the Indian markets now have to come to grips with last week's terror strikes on the nation's business cum financial hub. For sure, sentiment will be hit. There are worries that FIIs, who have been negative on India this year, may remain so for the rest of the year and even in the early part of next year.
As if the global financial meltdown and the economic slowdown was not enough, the Indian markets now have to come to grips with last week's terror strikes on the nation's business cum financial hub. For sure, sentiment will be hit. There are worries that FIIs, who have been negative on India this year, may remain so for the rest of the year and even in the early part of next year.
