Today,we expect a flat to slightly positive opening. On the whole, the trend will remain lackluster till the first batch of earnings start kicking in. Though the small-cap and mid-cap counters may remain abuzz one should resist the temptation of buying into illiquid, fundamentally weak stocks. Thursday heralds a new fiscal year. Having completed “year-end” commitments, it will be time to do proper due diligence of your portfolio.
A cooling was due for some time now. Once the key indices touched new 52-week highs it was only a matter of time. Interestingly, the market breadth, which had been negative for a few sessions, turned in favour of the bulls.
Looks like we could someday unravel the secret behind the way our planet earth was born following some success of the Large Hadron Collider. Some may have regrets for failing to perform in line with the indices, but, as far as markets are concerned, it’s not the time to experiment. In short, no ‘Big Bang’ movements are in the offing today going by the subdued mood in global markets.
