While global markets are hitting new highs every alternative day especially Wall Street and Nikkei, Dalal Street is stuck in the clutches of Bears, taking a severe beating in the last two weeks.
Wall Street hit a 30-month high while Nikkei is trading near to 8 month highs.
News Bytes
* Infosys plans to acquire smaller US outsourcers
* Allied Digital looks for UK JV partners
* UTV may exit Indiagames
* GMR, GVK groups may bid for Bali airport revamp project
* No Sebi ban on me or my firms, says Anil Ambani
* SBI to raise up to Rs 2K cr by bonds
Metals to lose sheen
Metal stocks might take a hit after China raised rates on Friday. From an investor perspective it is really tough to invest on D-Street with the kind of negative news flow one is witnessing. But we believe majority of the downsides are factored in and RBI policy meet next week might be the "Buy on News" signal.
Coming to traders this market is for bravehearts only and the volatility has driven traders out of the marke