Market is likely to open a bit weak due to a gloomy economic outlook portrayed by Ben Bernanke leading to a fall in US indices last night. The weakness however should be used to accumulate stocks as a near future appears quite positive for Indian bourses. Good progress of monsoon, corporate results on expected lines so far and sufficient liquidity pouring in to our markets from abroad and the domestic funds sitting on piles of cash are some of the reasons for our optimistic outlook.
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