Market Synopsis

Cyprus turmoil has unnerved the markets today.
What is more concerning, is the dangerous precedent that this bailout
sets in terms of other so-called depositors guarantees.

This bailout has added fuel to the already fast dwindling prospects of Euro's
future.    This may also trigger a fresh capital flight scenario in the eurozone.
Volatility may rise in eurozone stock market indices.

Locally, market is keenly eyeing RBI policy on March 19.   
Market is expecting a minimum of 25 bps rate cut.