Markets may recover from lower levels

Thebullishtrends: After the deep tank Indian stock markets may recover from lower levels today. BSE Sensex closed yesterday 15066.10 (-506.08). Steep drop in crude oil prices may help the market sentiment and market sources are expecting that oil prices may further weaken in the coming days. RBI is expecting to increase the REPO rate which may impact the overall growth of the Indian industry. Further hike in interest rates may impact the earnings of the Indian corporates. Corporates advance tax payments falls due on 15th June'08 market sentiment may depends on this issue also. But overall market may recover from the lower levels today.