Take your time!

Peace is when time doesn't matter as it passes by. - Maria Schell.

A quiet opening is on the cards as most Asian peers seem to be taking a breather after a two-day bounce. Indian equities are likely to consolidate following Tuesday’s phenomenal rally. The current upswing may sustain for a few more days if FII inflows persist and overseas markets are supportive. Don’t lower your guard as yet; considerable risks prevail for both Indian and overseas markets.

Europe appears to be on the brink of a recession due to the long-running debt crisis. The US is steady at the moment but the jury’s still out on whether it can maintain the current tempo. China may avoid a hard landing despite a marked slowdown.



The World Bank has scaled down its global growth projection. Meanwhile, a UN report says India could stay firm amid a worldwide downturn. The onus is on the Government to unlock India’s full potential by staying the course on reforms.

Aviation stocks might extend gains on reports that the Centre is likely to allow up to 49% FDI in local carriers. TCS and the IT pack will be in focus after the company delivered another solid quarter.

The FIIs were net buyers of Rs 10.25bn in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers at Rs 4.29bn, as per the provisional figures released by the NSE.

The FIIs were net buyers of Rs 14.61bn in the F&O segment on Tuesday, according to the provisional NSE data.

The foreign funds were net buyers of Rs 4.47bn in the cash segment on Monday, the SEBI data shows. Mutual funds were net sellers of ~Rs 1bn in the cash segment on the same day.

Global Data Watch: Australia consumer confidence, Australia vehicle sales, Japan industrial production, UK unemployment rate, EU construction output, US PPI, US industrial production and US NAHB housing market index.

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