Morning Market View - 25/08/2010

Global markets continue to reel under selling pressure on the back of weak economic data emanating from US, Europe and Japan. While domestic economy continues to do well, global headwinds remain a cause of concern. Sector wise analysis reveals no surprise with banking, consumer durables and other sectors linked with domestic consumption doing well while metals and other cyclical sectors linked with global economy are under performing. Overall trend still remains bullish with companies benefiting from improving infrastructure spending, rising power consumption, gradual move towards free pricing of oil and gas and food shortages to be the best buying bets.