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Moneycontrol.com >> Message Board >> View Messages >> Market Outlook - Short Term
   You are here :     Moneycontrol     MMB    Market View      Market Outlook - Short Term                         Most active discussions of 2006 , 2007 & 2008
Political resolutions to bring relief (1)   07-Jul-08 10:12Tracked by (0)  
Posted by:   Udayan Mukherjee on ( 07-Jul-08 10:12 )
Political resolutions to bring relief to markets

It is an important week for the market. There will be important events in this week, which could be a deciding factor for the markets. Earnings season will begin with Infosys from Friday. There will also be some final resolutions from the political front.Therefore, this week could bring a bit of more relief in the markets.



Friday ended on a more positive note:



Yes, and one is feeling a bit hopeful going into the markets this week. One never knows this market turns in a dime and it’s been bad for the last many weeks. But the events of the last three days and the way the markets has been swinging around that volatility and the few news or the events which has staggered this week; I think maybe on Tuesday- Wednesday we will get some final resolution on the political front, end of the week we will probably get a good set of earnings from Infosys, around that maybe if crude helps us a bit by even going down a notch one could get that relief rally that all of us been talking about.



It’s not materialised; it’s just given us one day of a jump and then cooled off. So fingers crossed. It’s just been such a one sided market that, so maybe hoping that this week at least for the time being it will give a bit more relief even if it just 200-300 or 300-400 points on the Nifty that would be at least relief.






More to come...

-Udayan Mukherjee, Executive Editor, TV18

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