>Market Insight (Religare)

MARKET OUTLOOK

The Dow closed positive; all Asian markets are up as well. Yesterday, our market recovered from its losses as the government announced duty cuts worth Rs 300bn which are likely to be followed by an interest rate cut by the Central Bank. This is a positive step by the government just before going into election and will help fire up the economy. For the day we are positive on the market.

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

To see full report: Market Insight 25-02-2009