Tuesday, June 3, 2008

Sensex outlook - June 2008

Stock market outlook for June 2008

Indian stock markets are underperforming global market consistently for the past two months. Hence, Sensex likely to touch 14500 to 15000 levels during June.

Best performing market was Nikkei for the past two months. Issues with airline industry and housing are refusing to come down. Inflation, Deficit, Left Parties continue to haunt indian growth story.

Only IT sector has done well during May and the major trend would contine to be weak during June. Reliance could lead the further fall of Sensex this time.

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