The cooling continues - Market Mantra - IIFL

"Life always gets harder toward the summit - the cold increases, the responsibility increases"- Friedrich Nietzsche

The markets world over seem to be in a mood to cool down after a recent rally. The Nifty too is finding it hard to move ahead of the psychological 6000 mark confidently.

The Indian market is likely to see a muted opening with focus slowly shifting on corporate results. Same is the story in global markets too as investors are leaving behind issues regarding the US fiscal woes.

Asian stocks remain undecided. Japanese export firms have fallen after the yen's rose. The Nikkei is marginally down and so is South Korea's Kospi Index. Taiwan's Taiex Index has lost half a % while Australia's S&P/ASX 200 Index is flat. Singapore's Straits Times Index is down 0.3% while Hong Kong's Hang Seng is down 0.4% and China's Shanghai is marginally lower.

RBI Deputy Governor K C Chakrabarty has said the RBI would take view of the broader macroeconomic scenario before going in for a rate cut. He also said that 7% inflation is well above RBI's comfort level of 5%.

Source : Equity Bulls

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