Today, the bulls are turning optimistic after a day’s breather and will most likely resume their shopping spree as healthy global cues remain the inspiring trigger. It's time to get realistic and not really pessimistic as the Budget-inspired rally in recent days do not make valuations too compelling. Take it stock by stock rather than get swayed by daily movement in the key indices. Small-cap and Mid-cap stocks may extend Thursday’s rally. But, weigh your risk-reward ratio well while dealing with this space. We expect a firm start, which should well hold till the end of the day. Monthly US jobs data is the key global event to watch out for today.
US stocks advanced, with the Dow Jones returning into the positive zone for the year, in the wake of encouraging reports on retail sales and initial jobless claims. The US dollar gained versus major currencies after a surprisingly weak report on pending home sales triggered worries about the pace of the economic recovery. Across the Atlantic, the picture was mixed in Europe. Japan led Asian shares higher this morning after reports that the Bank of Japan will likely consider further monetary easing.
