STOCK MARKET NEWS

Today the markets shown some weakness which shows that the entry into new scripts may be a little tougher. Wait for your turn to enter into the markets. As I say, for good reason, the buy side will no longer place much value on goodwill. The truth is there hasn’t been much coming our way for many days now. you don’t get it and maybe you never will.
“Trust no one” is the new rule.
Make your own rule to enter into the market.It is now for which reason the market will be coming back in bullish mood.
Crude price, inflation,elections,unemployment which all adds fuel into the market to move backwards and there is no sign of recovery in each and every aspect which all shows noplace for improvement.It is all in the hands of market players like Tech and Bank stocks to bring back the market in Bearish mood. In the longer run the market will be in a rangebound.European markets were weak. Key benchmark indices in France, Germany and UK were down by between 0.37% to 0.59%.
A well distributed monsoon will bolster food production, helping douse inflation. Agricultural output in India depends on good rains. The Indian Meteorological Department (IMD)’s second monsoon forecast for the crucial annual south-west monsoon (June-September) due this months which may indicate spatial rainfall distribution in the main sowing month of July 2008, will be keenly watched by market men. The IMD has forecast the 2008 monsoon rains would be near-normal and 99% of the average between 1941 and 1990.
Another near term trigger for the market will be corporate advance tax payments for the first installment which falls due on 15 June 2008. The income tax law requires a company to 15% the estimated tax liability for the year as advance tax in the first installment. The advance tax payment by the corporate sector will give a cue on Q1 June 2008 results.
A section of the market is of the view that the central bank may only use the reserve requirement route to tame inflation, fearing any hike in rates would further hurt growth already seen moderating to a still strong 8%-8.5% this fiscal year from 9% in 2007/08. To rein in inflation, in its monetary policy review for 2008-09 on 29 April 2008, the RBI raised cash reserve ratio (CRR) by 25 basis points to 8.25% to suck out excess liquidity in the banking system. RBI often says pass-through of high global oil prices is incomplete in India, complicating policy making.

NSE FACTSHEET