'Volumes are very low and the market is still searching for direction as is obvious from the volatility,' Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group, told IANS. 'For example, there is still no clarity as to what US president-elect Obama's stimulus package will be , no numbers have been given yet,' he said. He, however, said that the statement by the US House of Representatives Speaker Nancy Pelosi that bankruptcy of the big three US automobile makers was not an option was a bit of welcome news although the $34 billion bailout package that the car makers have asked from the US government seems too little.