Heave
a sigh of relief. Some compromise has been reached as far as Anna
Hazare is concerned. He will probably walk out of Tihar Jail today as
has reportedly agreed to fast for a fortnight at Ramlila Maidan.
Attention
can now move to other things. After a few tumultuous sessions, the
markets seem to be going through a usual consolidation phase that
follows any big correction. The trend may persist for a while before the
fog clears up a bit. For now, one must continue to tread cautiously as
volatility is not likely to go away in a jiffy.
The
start today looks pretty muted amid mixed offshore cues. The
proceedings for the remainder of the session could be choppy and will be
partly at the mercy of overseas markets. Weekly food inflation data
will be on investors’ radar after last week’s big spike.
The
aura around Reliance has been missing for a long time and Coal India
has now raced past RIL to emerge as the country's largest company in
terms of market cap.
