Indian stock market morning report (October 6, 2008, Monday)

October 6, 2008

Asian markets have opened weak today due to increasing worries of the global financial crisis spreading to Germany, Europe’s largest economy. Back home, Sebi has called a meeting to discuss the impact of financial turbulence on Indian capital markets. It is expected to ease PN norms to bolster capital inflows, which have been slowing down over the last few months. However on the positive side, easing crude prices and inflation are the positives for Indian markets, which may help the RBI postpone another interest rate hike. We expect the markets to trade with a negative bias, amidst high volatility due to weak global markets.

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