>Market Insight (RELIGARE SECURITIES)

US markets closed in the positive but all other Asian markets are positive. Yesterday’s, IIP data was better-than-expected as predicted by us. IIP came in at -0.5% against an expectation of -0.9%
contraction. The situation in the US continues to remain serious and we believe that this year will be marked as a year of consolidation for our markets, but any sharp fall in the markets from current levels must be used as an opportunity to enter into the market from a long term view. For the day, we are positive on the market.

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

To see full report: MARKET INSIGHT 13-03-09