Today, the market may open flat to weak and therafter chart its own course depending on what investors expect in tomorrows monetary policy.
On the positive side, bulls will hope some rate cut takes place. The cacophony of the Lok Sabha elections continues with the market more or less pricing in a fractured verdict. These concerns will play up closer to the election results next month. For now the larger market seems to be quite ignoring the corporate results though stock specific activity will continue depending on the results. Though the mood remains positive a much need cooling has evaded the market for some time.
Globally, investors are hoping that companies deliver results which show signs of revival and are hoping that firms, especially in the financial sector are not sitting on any landmines.
The bulls may have found their winning ways for quite some time now. But the bears will hope some profit booking will bring them into focus sooner than later.
