Dalal Street to remain subdued: Analysts

Markets are likely to slide further next week as third quarter earning numbers of corporate are unlikely to bring any “great surprises” to Dalal Street,experts said.

Stock markets have witnessed an extremely disappointing start to the year 2011,as the bellwether Sensex has plummeted over eight per cent in the first two weeks of the year.

Market analsyst feel that the testing time is still not over for the Dalal Street with rising inflation playing a major spoilt sport.

“After a really bad start to 2011,one would have thought there will be some bounce back. But weaker than expected IIP data coupled with the rise in inflation were the main culprits this week.