Yesterday wall street ended in lower on because of bad reports from corporates.Decutsche bank outlook of 2009 is very bad , they are in the opinion that the bad is still to come in credit market.If you look at the construction spending numbers, the data is still in negative mark.The auto sector was the other that was in the news yesterday.The auto sales of TOYOTA,HYNDAI,NISSAN,HONDA......the list seems no end, hammered in December.All of the firms losts their 25-40% sales in the month of december compare to the last year same period.
India ,today to open in positive but it is likey to volitile.Nifty could trade in rangebound.Have a nice trading day.
India ,today to open in positive but it is likey to volitile.Nifty could trade in rangebound.Have a nice trading day.
