Surprisingly Asian markets have recovered from it's low and trading quite convincingly. This is a really good sign for market ahead.
Whereas News from US markets were not so good and they closed sharply in negative with almost 1 to 1.5 % cut.
Crude has been setteled around 115 $ mark.
Reports out that inflation to remain high for quite some period as food prices will not come down so soon. But i personally believe it will retereat from here onwards.
Petroleum ministery has dumped report , ruling out hike in petrol prices soon.
So broader picture looks quite postive and yesterday was staright 5th day, where market moved in negative. So a bounce bank cannnot be ruled out today.
Watch : Telecom, Oil Marketing companies in today's tarde
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