>Market Insight (RELIGARE)

MARKET INSIGHT

Dow closed in the negative and all other Asian markets are negative. Citigroup, once the world’s biggest bank in terms of value, traded below US$ 1. Also, Geithner said that the economy will worsen from current levels before any revival is seen. We continue to believe that the situation globally will become worse from current levels. However, we believe that at any sharp fall in our market must be used as an opportunity to invest from a long-term perspective, in fundamentally sound companies. For the day, we expect the market to open down and see the selling pressure continuing.

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

To see full report: Market Insight 06-03-2009