> Daily Market Roundup (RELIGARE)

Markets are likely to remain in the positive territory taking cues from the
global markets; this has been also reflected in the Nifty futures. In the
coming session, markets are expected to remain in the range of 2700 –
2835 levels. Markets were trading in the positive territory taking favorable cues from
the global market and short covering by the market participants on
account of the expiry of monthly derivative contracts. Meanwhile, the RBI
monetary policy kept the interest rate steady and revised the GDP growth
estimates downwards for the year to7% from 7.5%. The monetary policy
hinted that the inflation will fall below 3% which boosted the market
sentiment.

To see full report : DMR 28-01-2009