2. India as a nation has suffered the reputation due to Satyam fiasco, Maytas Infra deal.
3. Speculative money is running to the gold and that is the reason that gold ETF are trading at such high aluation and we have now recommended to book the profit from the commodity.
4. Now Indian market is looking for rate cut which can give a boost to the market and RBI governor D Subbarao has indicated a likely cut of interest rates by 50 basis points due to global recession. Banking, IT, Tech, Consumer Durable, Auto Power and PSU stocks could be the gainers from the anticipated move.