Mkt gained 80 points on the ASPI and 54 on the S&P SL20 on slightly higher turnover of around RS 3.022 billion . The rate hike of 1% was already factored in on the market by Thursday and the extremely good results posted in December which was over 60 billion from September quarter was a very encouraging and the company valuations were looking very attractive with the market correction that happened during the last 3 to 4 weeks. However the investor sentiment is quite dull due to the scarecities experienced on Fuel and gas and the global events that are fast changing .
Hence the .market is expected to be cautious with more focus on events in Ukraine and energy prices ,that will have a dampening effect on SL if the current situation further worsens with electricity and gas supply is reduced.
