Dalal Street is all set to open marginally in the red on weaker global cues on Thursday with investors eyeing Q3 earnings. US stocks pulled back Wednesday to session lows as softer-than-expected earnings from big banks weighed on sentiment.
Asian markets are trading in the red today
Markets - Down but not out
While big FIIs like Credit Sussie were bearish on India atleast for the new quarters, we expect things to change rapidly from the next few weeks. The amount of negative news flow India is witnessing is stupendous but one should understand the dynamics of an economy that is growing leaps and bounds. While the corrections are swift and the pullbacks are even faster, the current correction is definitely beating the devil out of investors. Value buying yesterday shows some signs of recovery round the corner