Weekly Snippets - June 6 2008

It’s been raining more pain than gain for the markets in recent times. The ray of hope remains a good monsoon. But with enough worries flowing in, it will take some fund flows especially from FIIs to get the bulls moving confidently. For the time being, the FIIs are in no mood to relent.

That leaves us with local worries, global fluctuations and some political drama. The outlook for the coming week will again hinge on global cues at start. We know its been the same old story in recent times. But then, the market just isn’t moving ahead. And so we remain with less sunshine and more dark clouds for the main indices.