Weekly Newsletter - May 24 2009

After a freezing start the market did melt some of its excesses. The coming week will see cabinet with many old faces with hopefully renewed vigour as the UPA-led government moves in office for the second term. Besides the global cues, the market will pay close attention to the GDP growth number which is expected to be around the 5% mark. The monsoon forecast will also have some temporary bearing on the sentiment.

The mid-cap and small cap counters are seeing a flurry of activity and retail as well as institution interest is building in. Stock-specific activity will continue. More than getting into the market, getting out at profits could be the near term goal. For the long term investors, making money in the short-term will do no harm.