>Daily Market Insight (RELIGARE SECURITIES)

Dow closed marginally in the positive and all other Asian markets are mixed. Our IIP data is slated to come today and we believe that the number will not disappoint the market. Market expectation is - 0.9% contraction against -2% last month. Asian markets have rallied since last 2 days and we believe that our market could do some catching up today .Hence we expect a gap up opening for the market and expect market to rally for the day. We continue to believe that any sharp decline in the market should be used as an opportunity to build a long-term portfolio.

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

To see full report: Market Insight 12-03-09