Today,our market is one of the very few markets open for trading. So, don't expect much action though some counters may hog the limelight based on newsflow. Traded volume will be fairly low. Since global cues will be virtually missing, the weekly inflation data could prove to be crucial for the day. Inflation is expected to slow from a nine-month low of 6.61%. Any positive surprise could provide some temporary boost.
The world would have sang the popular song Auld Lang Syne to celebrate the start of the new year. The bulls have been waiting for Old Long Sign for some time and would like to forget 2008 in a hurry. Will 2009 be fine? Your guess is as good as mine! The dream of prosperity, need for peace and pursuit of happiness continues.
Over the short-term, focus will be on quarterly corporate earnings, as well as the much-awaited second round of stimulus. The RBI is likely to cut rates further, but the timing and the size of the same is uncertain. Reports suggest that the central bank is not inclined to be aggressive this time around. This may disappoint the markets.
The world would have sang the popular song Auld Lang Syne to celebrate the start of the new year. The bulls have been waiting for Old Long Sign for some time and would like to forget 2008 in a hurry. Will 2009 be fine? Your guess is as good as mine! The dream of prosperity, need for peace and pursuit of happiness continues.
NorthPOLE TEAM wish you all -
Wish you a bright and prosperous New Year.
Welcome-2009
Wish you a bright and prosperous New Year.
Welcome-2009
