Pre Open Market Commentary

The domestic bourses is looking weak as most of world indices closed in negative. The Key Asian indices were mixed on Friday. Japans Nikkei average was up 0.6, Hang Seng was down .37 whereas the markets in Singapore, Taiwan and South Korea were flat. Crude for the first time crossed the level of $ 60 in this month on the news of falling exports from producer group OPEC and an outage at a US Oilfield.The outlook for the market is cautious.