Risks continue to remain: India Infoline

According to India Infoline Daily Market Watch, significant risks continue to remain, especially in relation to inflation and interest rates in the domestic markets.

India Infoline Daily Market Watch:

Indian markets fell sharply due to a surge in crude oil prices and negative cues from the global equity markets. BSE Sensex fell below the 15,000 mark in intra-day trades. NSE Nifty hit a fresh 2008 low of 4,411.6 before recovering late afternoon to close around 4,500 mark.

Though, the markets managed to rebound from day’s low on Monday, one should not get carried away as there could be fresh selling post a rebound. Significant risks continue to remain, especially in relation to inflation and interest rates in the domestic markets. The government's efforts to cool down prices through a mix of monetary and fiscal measures could exert further pressure on the market. So any bounce should be used to lighten positions till some stability returns.

For further details click on attachment