Indian markets yesterday bleeded in red with sensex losing nearly 330 points . The sell off came after the interim budget announced in the parliament . Investors were indeed not happy with the budget as the sops expected never came into picture . Markets wiped out all the last week gains in a single day.
US markets closed for the day on the event of PRESIDENTs DAY. Today President Obama will be signing the stimulus package and we may see both the futures positive.
Asian markets are in deep red and the cues from their side is NEGATIVE.
Indian markets after the dismissal performance yesterday may see another dull day. We may see gap down opeining in the markets today . We see pressure coming in Metal stocks as the metal commodities gave up the gains which they posted in the last one week. The effect of interim budget may spill even today. Real estate too be under pressure as government never lived up to their expectations.
Over all we see a gap down opening and recovery in the late session
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