Hopefully, a better day awaits us after a gallant yet unsuccessful attempt of the bulls on Tuesday. But, don’t take the opening for granted. It can be misleading – like it happened on Tuesday. Volatility has increased lately and might stay elevated in the near term.
The IIP data for November will be out today and will have a bearing on sentiment. The infrastructure growth for the month wasn’t all that great. IT stocks could remain in spotlight ahead of Infosys’ results on Thursday. December inflation report is scheduled for release on Friday.
The key indices have dipped to nearly a month’s low. The Indian market has now fallen for six successive sessions. With most overseas markets in the green, the negative trend may take a temporary break at least.
US stocks gained on optimism about earnings while European indices rose after Japan pledged to buy eurozone debt. Portugal’s PM has dismissed talk of a bailout. Asian stock benchmarks are up this morning.
