Thursday, March 5, 2009

>Daily Market Preview (MARWADI FINANCIAL)


* The rate cut will boost positives of global markets. The RBI has done the final act - one more round of rate cuts and we feel that this move is continuation with fiscal & monetary imperative to bolster sagging economy. But it’s still uncertain when Demand cycle turns upward and
downward growth is captured.

* Indian markets are expected to be in recovery mode as world markets also rallied smartly from their much oversold territory. The narrowed discount on the Nifty shows some sign of short covering and we believe that markets to move upto 2700. Accumulate Metals, Banking, and FMCG stocks

To see full report: Market Preview 05-03-2009