Like the Sensex, the Nifty too will switch to a free float market capitalisation methodology. Investors may start making adjustments to their portfolios before the new formula comes into effect from June 26 ’09.After a great start on Monday, weakness did set in after all on Tuesday. The bulls expectedly failed to sustain the buying momentum. Key indices tumbled from a day's high even as Asian markets closed mostly higher.
To sum up the recent gains, FIIs have been buying, global markets have staged a smart comeback, No major bad news has hit Wall Street and currency fluctuations have ebbed to an extent. Looking at the offloading towards the end, the slide may continue further. There could be wild swings for sure ahead of F&O expiry also the political uncertainty would continue to take its toll over the market sentiment.
