Today,the market could turn choppy though, as investors eagerly await the report card from India Inc. and Global Inc. The best strategy to beat the near-term blues would be to take each day as it comes, especially for companies announcing their results. Arguments and debates may continue on how genuine the turnaround has been. But what a difference a day makes! If Monday blues had the bulls running for cover, looks like Tuesday will witness a complete turnaround. We expect a higher start owing largely to the firm trend across global markets.
The underlying trend in the market is still positive despite some reversal in the last few sessions. The sentiment could be hurt by less than spectacular results and economic data. That is particularly the case after the kind of rally we have enjoyed over the past six and a half months. Other big event to watch will be the RBI’s half-yearly policy review. It is most likely to set the tone for the central bank’s moves on interest rates going ahead.
The underlying trend in the market is still positive despite some reversal in the last few sessions. The sentiment could be hurt by less than spectacular results and economic data. That is particularly the case after the kind of rally we have enjoyed over the past six and a half months. Other big event to watch will be the RBI’s half-yearly policy review. It is most likely to set the tone for the central bank’s moves on interest rates going ahead.
