New Era

Bearers were in no mood to loosed their grip on Monday and most market  participants are dreading that this hold could tighten further. With global crude oil prices, and inflation back home showing no signs of cooling off, the sentiment is unlikely to improve anytime soon, they felt. Adding fat to the fuel is the uncertainty over the fate of the UPA coalition. “Politics and oil are the two major concerns for the moment and unless these factors settle, it is difficult to comment on the market direction” said ING investment management CIO.