“The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.”

Monday, February 25, 2008

: Market Commentary - 25/12/2008

The key benchmark indices, which opened with a positive gap but soon turned weak amid high volatility in eary trade, bounced back strongly in afternoon trade on account of sustained buying in oil & gas and information technology stocks.

Market breadth was weak. Cement pivotals spurted. Oil & Gas, IT stocks rose. Consumer durables stocks declined. The market breadth was weak. 25 stocks from 30-member Sensex pack were in the green.

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