Thebullishtrends: BSE Sensex closed on Wednesday at 16542.08 points with a gain of 202.19 points. Today global cues are weak as they expecting that credit losses in the global financial sector may push the US into recession. Rising oil prices is a fear of concern as it touches $ 106 per barrel. Rise in oil prices may leads higher inflation levels and slows down the economy is a major cause of concern. US Markets closed with losses. Asian markets which were opened before the Indian markets are trading in lower levels. As per the latest information Hang Seng dropped 3% at 22,648.14 points. One need not expect the positive market trend today.
