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Market Jitters

Last week, the markets surged. This week promises to be exciting too. But, don't be mislead into thinking that all is rosy. Tread carefully

Last week, the bulls charged on, the indices scales new highs and FIIs pumped in money. But many are wondering how long the bears will stay subdued.

While no one is worried about the long-term India story, volatility is a given with the rising rupee and oil prices.

This week, we also have the F&O settlement as well as a host of results to be declared. Century Textile, Jindal Steel, Rolta, Siemens, Sun Pharma, Union Bank, Balrampur Chini, Bharat Forge, DS Kulkarni, GTL, Hero Honda, Indiabulls, Kotak, IDEA, JSW Steel, ONGC, Patni, PNB, Reliance Cap, SAIL, STER, Bharti Airtel, BEL, Titan, Maruti, Tata Power, GAIL and ITC will be announcing their quarterly numbers this week.

A correction may be out of sight for the moment, but valuations are not cheap and the rally lacks breath with all stocks not participating.

So far, Monday has brought good news and the market has been going up. But one can never be sure what direction it will take during the week.