Sensex
is weak as war fear looms large; techs slip
Mumbai: The markets are
expected to remain subdued as selling pressure is likely to continue
in both new and old economy stocks. The sentiment will be impacted by
concerns over the escalating tension at the border. Possibilities of
rising tension at the border, following a deadly suicide bomb attack
in Jammu on 14 May, may keep the undertone of the market cautious,
market players say.
Indian Army chief S
Padmanabhan said Indian forces are ready for action, and the
government is likely to decide on 17 May its response to 14 Mays
attacks. At the same time, investigations of the gilt scam may also
affect the sentiment to a certain extent, say players.
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