Weekly Newsletter - Jan 25 2009

The bears seem to be chanting Yes We Can. The Obama magic seems to have vanished at the bourses as US markets recorded their worst Presidential inaugural day decline. Monday is a trading holiday for Indian market on account of Republic Day. The weekend will have a couple of big ticket results like ICICI Bank, HUL and SBI.

Next week will see the RBI make some less aggressive measures when it announces its monetary policy on January 27. A lot however, will hinge on the global cues. The results will continue to impact individual stock movements but will not have a bearing on the broader market, unless another rumor or scam surfaces. The F&O expiry will of course increase the volatility.