Market Synopsis

The dismal demand situation in Europe can just be imagined by the
below mentioned facts  :
a.     Motor majors like General Motors, Ford Motors and Honda Motors
        have actually shut down their plants since mid - 2012.
b.     Car prices in Europe were cut 14% on average last month, spreading
        across several motor majors, to lure improvement in sluggish demand
        sentiment.
c.     Ironically, according to the latest data, car sales actually dropped by
        10% over previous month.

Locally, DMK has pulled out from the UPA sending shivers across the market.
Therefore, the market sentiment for the rest of the week is likely to remain
cautious and tentative.