Weekly Newsletter - May 30 2008

While GDP numbers were better than expected, inflation continues to haunt the bulls. For the coming week, there are no firm triggers except domestic handling of the oil prices. While some decisions could be expected over the weekend, a lot will depend on how the political parties react. Given the current political situation, it is unlikely that the government will take a tough call. The markets will continue to swing at start more to the global beats. Over the day domestic issues and stock specific action will dominate. Any voices on monsoon could improve sentiment. Else bulls may have to wait longer before some stability sets in