Published on Mon, Jan 08, 2007 at 09:35 | Source : Moneycontrol.com
Updated at Mon, Jan 08, 2007 at 11:11
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Waiting for mkts to make a decisive move
Global markets are in a bit of tizzy, as we are entering earnings this week. But it’s the small and midcaps which have shown plenty of action over the last five trading sessions.
Global markets are in a bit of tizzy as we enter earnings session this week. But it's the small and midcaps which have shown plenty of action over the last five trading sessions.
This is an important week of trade that we are going into because globally things have got tossed up a little bit and locally we have got our own earnings to deal with and the market is just about dilly-dallying around that earlier high of 4000 on the Nifty and 14,000 on the Sensex. Lots to play for as we go into trade this week.
Markets have not done much; it's been volatile for a couple of days. I think so much has changed globally or so much is in a state of flux globally that you would expect the markets to mark time out here.
I think people in the market may be a bit confused as well because everyday day they have been hit by a lots global data, they know they are heading into an important earnings season, which is expected to be good.Nothing major has happened on the flows front in the first week of 2007.
I think it is a state of limbo; a state of apprehension. People are waiting and watching and the market hat not taken a decisive move into a new high zone yet. So lets see how things pan out because this is going to be an important week of trade.
Markets have not done much; it's been volatile for a couple of days. I think so much has changed globally or so much is in a state of flux globally that you would expect the markets to mark time out here. 
