Compromise helps move things ‘fast’!

Learn the wisdom of compromise, for it is better to bend a little than to break - Jane Wells.

Heave a sigh of relief. Some compromise has been reached as far as Anna Hazare is concerned. He will probably walk out of Tihar Jail today as has reportedly agreed to fast for a fortnight at Ramlila Maidan.

Attention can now move to other things. After a few tumultuous sessions, the markets seem to be going through a usual consolidation phase that follows any big correction. The trend may persist for a while before the fog clears up a bit. For now, one must continue to tread cautiously as volatility is not likely to go away in a jiffy.



The start today looks pretty muted amid mixed offshore cues. The proceedings for the remainder of the session could be choppy and will be partly at the mercy of overseas markets. Weekly food inflation data will be on investors’ radar after last week’s big spike.

The aura around Reliance has been missing for a long time and Coal India has now raced past RIL to emerge as the country's largest company in terms of market cap.

US stocks managed to recover from intraday lows to end flattish. European indices too finished mixed. Asian markets are indecisive in the morning trade.

The Swiss National Bank has said it would expand its liquidity policy. There is disappointment that a franc exchange rate peg was not announced.

Idea is also likely to be in action amid reports that Axiata is looking to hike its stake in the cellular firm. Issue of promoters’ pledged shares appears to be back with KS Oil’s dramatic drop.

The broader market has been weak over the past couple of sessions. One should be careful while trading in this set of stocks as they tend to be volatile and illiquid.

FIIs were net sellers of Rs 4.07bn in the cash segment on Wednesday, according to the provisional NSE data. The domestic institutional institutions (DIIs) were net buyers at Rs 1.69bn on the same day. FIIs were net sellers at Rs 1.77bn (provisional) in the F&O segment.

The foreign funds were net sellers of Rs 2.1bn in the cash segment on Monday, according to the final SEBI data. Mutual Funds were net buyers at Rs 889mn on the same day.

Global Data Watch: US weekly jobless claims, US CPI, US existing home sales and Philadelphia Fed Manufacturing Survey.