Stocks recover from lows on Libya
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.
Dalal Street recovered from the lows of the day on media reports that Gadaffi was willing to leave Libya provided his safety is guaranteed. Auto stocks were battered severely as crude oil continues to sustain above $106 levels.
Markets - Down but not out
We believe markets are likely spike higher after the present day hiccups of higher crude oil. We expect March to bring back smiles back to investor community. But one should be wary of global implications derived out of Libya crisis. We were spot on from the last few days when it comes to predicting market movement and our Futures recommendations have outperformed the markets. Subscribe to get access to Nifty number crunching.