Pre Open Market Commentary

Indian market is likely to open lower on account of hefty decline in Asian markets. Japan''s Nikkei plunged 2.18% or 375.61 points at 16, 842.32 and in line with this, Hong Kong''s Hang Seng, Singapore''s Straits Times and South Korea''s Seoul Composite was down by 1.93%, 2.79% and 1.58% respectively. During the last trading date, the BSE Sensex dropped by around 2.08% to close at 12886.13. Following this trend, the BSE Mid cap and Small Cap felt by 1.02% and 1% respectively. Further, all the sectors were closed in red and the highest fall was recorded in Consumer Goods at a rate of 3.05%. NSE The outlook of the market is cautious.