Current Market Outlook June 2008

The document discusses the global financial crisis and its impact on markets in India. It notes that bearish sentiment due to interest rate turmoil and rising oil prices has led to a crisis in financial systems around the world. India has also been negatively impacted, with the BSE Sensex and NSE Nifty indexes shedding over 40% in the past year. Inflation remains high in India despite government measures. The author advises investors to either enter the market cautiously or invest through safer mutual funds while remaining watchful during this volatile period.