>Market Insight (RELIGARE)

MARKET INSIGHT

The Dow closed flat; all Asian markets are flat as well. Our market has corrected significantly after the interim budget as expectations were unfulfilled. The situation in the US remains grim and the recession will continue to deepen. Today, we expect the market to open flat but some profit booking in the later part of the day is not ruled out.

• Dow: Positive
• Asia: Negative
• Day’s view: Negative

To see full report: Market Insight 19-02-2009