Expect nervous start: India Infoline

According to India Infoline Market Watch report, we expect a nervous start to today’s session. Some pull back is not ruled out after yesterday’s 600pts cut in the benchmark Sensex.

India Infoline Market Watch report:

Indian equities pared Wednesday’s gains tracking weakness across global markets and a surge in crude oil prices to record level.

We expect a nervous start to today’s session. Some pull back is not ruled out after yesterday’s 600pts cut in the benchmark Sensex. As seen
in the recent past, a descend is followed by an equally swift recovery. But, we continue to advocate caution. We could see some stability only if
there is softening in crude oil prices. Staying on the sidelines is probably the best option right now, with no clear visibility on the market's
direction. Buying activity will be stock specific.

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