Adrian Mowat, JP Morgan: Markets globally are driven by US credit crunch and investors are reluctant to invest new money. I expect weakness in Indian markets to continue as rupee is likely to depreciate. Growth is slowing down in India and the valuations are still high compared to other markets.
E Mathew, Mathew Easow Fiscal Svcs: The market is likely to see a bounce from lower levels. The Nifty is expected to trade around 4520-4530 levels and if it sustains above 4530 then it could cross 4600 levels. I like RPL on decline.
Karun Mutha, IL&FS Investsmart: The market is likely to be volatile ahead of the Fed meet today. The sentiment continues to be negative. A close above 4500 could signal a recovery in the short-term. I am advising our clients not to invest till the markets stabilises.
Source : MoneyControl
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