>Market Insight (RELIGARE SECURITIES)

The Dow closed positive and other Asian markets are up as well. Our GDP numbers are slated for
release today and will play a crucial role in determining the near-term market trend. Also, our IIP data is likely to be announced tomorrow. The US stimulus package is expected tonight which will serve as a short-term trigger for markets globally. Our outlook remains bearish for the short term as the US economy remains critical. For the day we expect the market to open up but volatility is likely to set in.

To see full report: Market insight 9-02-2009