[T.S.R:16713] ICICI Direct: Infosys, HDFC deliver their Q3 FY11 nos in line with expectations

DearSingh, We understand the need for the right research to make smart  investment decisions. To keep you well informed, we present the market outlook for this week.   Previous Week : Annual food inflation rose by 18%     Indian equities witnessed heavy selling pressure through out the weak which even intensified on the last trading day of the week and closed down by more than 4% for the week. Indian Markets was highly volatile during the week trading choppily. Nifty was trading in a range of almost 200 points for the week. On a week-on-week basis, the Sensex was down by 854 points or 4.3%, to close at 18860 levels The S&P CNX Nifty also closed in the red by 250 points, or 4.2%, to close at 5654 for the week. Banking, Power, Capital goods stocks were the major losers, with index heavyweight State Bank, SAIL, Axis Bank, Reliance and Tata Motors witnessed heavy selling pressure On the domestic front the economic news flow was mixed The IIP data was 2.7% (below expectations) while food inflation was ~16 % (from 20% previous week). However, the December 2010 inflation numbers were revised upwards to 8.43% Infosys , HDFC delivered their Q3 FY11 nos more or less in line with   street expectations while SAIL disappointed the street Steel makers have raised prices by 4-5 % on account of increase in raw material costs Amongst the key economic data releases, annual food inflation rose by 18% while the head line inflation rose 20.2% Although US employment increased by less than expected in   December 2010, revisions to the data from the past few months reflected a net increase of 70,000 jobs Portugal bond sale was successful confirmation from the US Federal Reserve that economic recovery was under way along with improvement in the job market However, on Thursday, the Labour Department released a report   showing that initial jobless claims rose to 445,000 in the week ended January 8, 2011   Week Ahead : Nifty has crucial support in the range of 5650-5605   Nifty has tanked almost 500 points during last two weeks, which has resulted bearish sentiment among investors. Foreign funds have been net sellers since last 5 trading sessions, while domestic funds are net buyers. Market will keep a close watch at the Q3 results starting with index heavy weights TCS, AXIS Bank, L&T followed by GAIL, BHEL, PNB, SBI Among the key global data to watch for is China GDP, US initial job claims, US existing home sales Nifty has crucial support in the range of 5650-5605 for the week breaching which the index can test 5520 levels On the higher side, 5830 and 5904 are strong resistance levels for the week   Sincerely, ICICIdirect.com  Did you know : You can experience markets live and ticking only on   eMarket Watch.

--
Regards
...........................................
Er. Gagandeep Singh
+91-97800-28367

--
For Anything related with Stock market be Online at
http://www.niftyviews.com/
 
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
 
FOR TRIAL STOCK/NIFTY/OPTION CALLS
 
 
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
 
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
 
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."