Global, liquidity cues to weigh down markets

Published on Wed, Jan 10, 2007 at 09:25 |  Source : Moneycontrol.com

Updated at Wed, Jan 10, 2007 at 11:02  

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A big morning for the market - so much has happened globally. We have got bit of a global sell off, crude sold off to USD 53 in this pullback upbeat. Many global markets have been reeling underrate, FII figures are not good in India and we have got three listings - Ashtvinayak, WWIL and Zee News all list today.

There is so much to talk about. As we start the show - the first set of results for the day comes in from i-Gate and it comes higher than our expectations on the net profit, that is a good sequential jump for i-Gate to start off proceeding this morning.

There are lot of things happening today globally, and locally in terms of listing in the primary market, I think there is huge amount of buzz in the market, not least because what has happened in the last couple of sessions, the market has got knocked back a bit but I think more than anything else, the global cues might just weigh down heavily, the global and the liquidity cues may probably weigh down the markets.

So while there might be individual pockets of excitement in the new results and some of the results that are coming in, one would have to say that this market might start-off with a bit of red this morning.

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