Tuesday, August 24, 2010

Morning Market Update


Market might open a bit soft on the back of weak economic data coming out in US last night. Asian indices too are trading in the negative terrain. We are, however, optimistic on the overall direction of the broader market in the near term and advice investors to use any weakness to buy quality stocks giving preference to companies gaining from the liberalization in the oil sector as well as corporates which derive majority of their income from rural or infrastructure sector.

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