Adapt to reality - IIFL

Investors remain in a dilemma as they neither want to buy too early nor sell too early. The Dow may be hitting new highs with marginal gains but the Indian market has seen one of the worst sell‐off since budget day.

The opening is set to be muted with investors keeping an eye on the inflation data. Finance Minister P. Chidambaram says various steps taken by the Government will cool food prices over a period of time. Prime Minister Manmohan Singh had told Parliament that the economy will return to robust growth in two to three years.

The Finance Ministry said the government's 12.5% stake sale offer in Nalco will hit the markets on March 15 mopping up around Rs 14bn. The share sale through OFS route will be held on Friday.

The Italian connection continues to haunt in various activities. A weak Italian bond auction triggered worries on the outlook of Europe’s economy. Italy sold out its first issue of long‐term debt at a higher rate.

Source : Equity Bulls

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