Market likely to make a comeback this week: Experts

Monday, 09 May 2011, 15:10 IST
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New Delhi: Stock market is likely to make a comeback this week after a sharp decline in the week gone by, in light of fall in crude oil prices, say experts, but cautioned that one should not get carried away by any short- term spike. According to analysts, a steep drop in crude oil has encouraged investors. Also, the main indices had fallen for nine straight days. So, some sort of recovery is always on the cards after such a big sell off. "We expect the market will bounce back after a sharp decline. The positive factor is that the Brent crude oil has declined to one-month low at USD 110 barrel after a recent high of USD 126 a barrel. Food Inflation has also cooled down to a 3-week low at 8.
Source: PTI
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