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MARKET TODAY 31ST JAN 2008

WE HAVE SEEN THAT FED RATE HAS BEEN CUT BY 50 BASIS POINT MAKING IT AS LOWER AS 3%, BUT SUPRISINGLY US MARKET AS WELL HAS ASIAN MARKET HAS NOT REACTED POSITIVELY.
MOST OF THE MARKET ARE IN RED INSPITE OF AN EXPECTED FED RATE CUT.
AHEAD OF THE FUTURE AND OPTION EXPIRY TODAY, WE MAY FIND THAT OUR MARKET MAY SETTLE AT THIS LEVEL, AND WITH THE GOOD Q3 NUMBERS COMING IN, THERE WILL A LOT OF VOLATILITY IN THE MARKET.