Weekly Newsletter - Feb 28 2009

After an eventful week, thanks largely to the latest tax cuts and fresh measures for recession-hit export sectors, the markets have fresh news to ponder and speculate on. Reliance Industries has done it again and finally announced a board meeting to mull merger with Reliance Petroleum. Seven years ago, it was the largest ever merger in the history of corporate India. With Fortune 500 companies coming down in value, mergers like this may well create the balance sheet size that Indian conglomerates desire. All said and done, bulls and bears may hardly March anywhere this F&O series.