Today, global cues are supportive, though not spectacular.Butterflies signify the sunny side of life, and everyone deserves a little sunshine. The key indices should resume their northward march after a day’s pause. Talking of sun, the world is witnessing a rare celestial spectacle today - the longest total solar eclipse this century. There are quite a few superstitions linked to eclipses. Most of these are negative. But, when it comes to markets what matters is sentiment, which thankfully is upbeat.
In short, the market is poised to move ahead, though the advance will not be without hiccups. So, one should brace for a volatile ride rather than a smoother one. Having said that, the market can always spring surprises, both positive and negative ones. How the global economy shapes up will also play a role in determining the fortunes of the Indian market. Other variables include: fund flows, corporate earnings and Government policies.
