Weekly Review 17/01/10



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Weekly Review :-

The key indices didn't move much during the week as concerns about
soaring inflation offset stronger than expected IIP data and positive
announcements on PSU disinvestment. Even stellar results from IT giant
Infosys and other leading lights of India Inc. failed to cheer up the
bulls. At the same time, select Small-Cap and Mid-Cap stocks continued
to outperform the frontline counters.

Next week again things may remain volatile even as the earnings
announcements accelerate and investors weigh their options. The Nifty
might conquer the 5300 milestone but will face resistance in its
journey to 5400 and beyond. On the way down, it will find support at
5200 and 5100. The road ahead will not be smooth and one will have to
deal with several road blocks. So, stay on guard and wait for more
clarity before jumping the gun.

The US markets will be shut on Monday in observance of the Martin
Luther King Jr
. holiday. Among the key US data points to keep an eye
on will be the reports on Housing Starts and Building Permits. China
will come out with its latest GDP data, along with reports on CPI and
industrial production. A slew of economic reports are also due from
the UK and European markets. As far as India is concerned, no major
economic report is scheduled, except for the weekly inflation in Food
and Fuel baskets.

Q3 Results - Next Week :-

3i Infotech, Asian Paints, BASF India, Bharti Airtel, BHEL, Biocon,
Container Corporation, Dr. Reddy's, Godrej Consumer, Gail India, GTL
Infra, Grasim, HDFC, HDIL, HT Media, HCC, Hindustan Zinc, ICRA, ITC,
ICICI Bank, Idea Cellular, Indiabulls Real Estate, Infotech
Enterprises, Jaiprakash Associates, JSW Steel, Jubilant Organosys,
Kotak Mahindra Bank, KPIT Cummins, L&T, Mindtree, MRPL, Mahindra
Holidays, M&M, Mahindra Lifespaces, Maruti Suzuki, Neyveli Lignite,
ONGC, Punj Lloyd, Piramal Healthcare, Philips Carbon Black, Praj
Industries
, Petronet LNG, Polaris Software, Reliance Industries, SRF,
Sesa Goa, Shriram Transport, Sterlite Technologies, Shree Cements, Sun
TV, Tata Power, Tech Mahindra, TVS Motor, United Spirits, Wipro,
Welspun Gujarat, Welspun India, Yes Bank and Zee Entertainment.

Stock Beeps 17/01/10

-Hindustan Copper leads gainers in 'A' group
-IDBI Bank advances on higher Q3 net profit
-Axis Bank hits 52-week high after healthy quarterly earnings
-Automotive Axles accelerates on robust Q1 numbers
-Shipping stocks set sail on rally in Baltic dry index
-Strong Q3 outcome generates interest in HDFC Bank
-IndusInd Bank banks on robust quarterly earnings
-UCO Bank capitalises on strong Q3 numbers
-Maruti Suzuki recovers on a likely hike in car prices
-Overseas acquisition buzz sweetens Shree Renuka Sugars
-Bombay Dyeing strikes 52-week high as promoter revokes pledged shares
-GTL Infrastructure slips on profit booking
-DS Kulkarni Developers slides as promoter pledges additional shares
-Tata Metaliks jumps 10% in three days on turnaround Q3 results
-CMC hardens on higher Q3 net profit
-Divestment hopes catapult PSU stocks
-Maharashtra Seamless gains on new order win
-Engineers India soars as Govt plans 10% stake sale
-Overseas order boosts Hanung Toys
-R.Com gains as unit gets nod for IPO


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