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Domestic Equity Outlook – Bulls in control in 2012
so far; Mid-caps and small-caps outshine
The second week of 2012 has witnessed action continuing on the Indian
bourses as the Sensex and the Nifty gained 1.9% and 2.4% respectively.
The outperformance of mid-caps and small-caps too sustained with the
respective indices putting on 6.1% and 8.2% for the week. Notably, Indian
markets managed to put on some weight despite a not-so-good start to
the results season and the RBI indicating no possibility of a CRR cut for
now. However, falling food inflation and surprisingly strong IIP data on
the domestic front and favorable global developments in terms of Spanish
bonds sale cruising through effortlessly and some fall in Italian bonds
yields helped investor sentiments.
Today, however, the markets will open to the news of a setback in terms
of the European debt crisis as global credit ratings agency, S&P, has
downgraded the ratings of France and Austria from AAA to AA+. The
hopes of an agreement on a Greek debt writedown have also failed for
now. On the domestic front, while the December 2011 WPI Inflation
data is expected to induce some volatility in today's trade, the results
season will keep the markets nimble throughout the week as some key
India Inc. results are due for release. The list includes IT majors (TCS,
HCL Tech and Wipro), Auto majors (Hero MotoCorp and Bajaj Auto)
and Jindal Steel, Reliance Industries and ITC among others.
Corporate News:
IT solutions provider, CMC, posted a 8.8% yoy decline in
Consolidated Net Profit at Rs41.4cr for the quarter ended December
31, 2011. However, its revenues rose 44.5% yoy to Rs396cr.
GVK Power will add 6,800 MW power to its existing capacity at an
investment of Rs40,000cr by 2017.
Realty firm, Parsvnath Developers, is looking to sell 1.18 acre of
commercial land near Connaught Place in the national capital for
about Rs700cr in order to reduce debt.
GAIL's subsidiary, GAIL Gas, has signed an agreement to set up a
Rs5,000cr liquefied natural gas (LNG) import facility around Kakinada
or Vishakapatnam in Andhra Pradesh.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Domestic Equity Outlook – Bulls in control in 2012
so far; Mid-caps and small-caps outshine
The second week of 2012 has witnessed action continuing on the Indian
bourses as the Sensex and the Nifty gained 1.9% and 2.4% respectively.
The outperformance of mid-caps and small-caps too sustained with the
respective indices putting on 6.1% and 8.2% for the week. Notably, Indian
markets managed to put on some weight despite a not-so-good start to
the results season and the RBI indicating no possibility of a CRR cut for
now. However, falling food inflation and surprisingly strong IIP data on
the domestic front and favorable global developments in terms of Spanish
bonds sale cruising through effortlessly and some fall in Italian bonds
yields helped investor sentiments.
Today, however, the markets will open to the news of a setback in terms
of the European debt crisis as global credit ratings agency, S&P, has
downgraded the ratings of France and Austria from AAA to AA+. The
hopes of an agreement on a Greek debt writedown have also failed for
now. On the domestic front, while the December 2011 WPI Inflation
data is expected to induce some volatility in today's trade, the results
season will keep the markets nimble throughout the week as some key
India Inc. results are due for release. The list includes IT majors (TCS,
HCL Tech and Wipro), Auto majors (Hero MotoCorp and Bajaj Auto)
and Jindal Steel, Reliance Industries and ITC among others.
Corporate News:
IT solutions provider, CMC, posted a 8.8% yoy decline in
Consolidated Net Profit at Rs41.4cr for the quarter ended December
31, 2011. However, its revenues rose 44.5% yoy to Rs396cr.
GVK Power will add 6,800 MW power to its existing capacity at an
investment of Rs40,000cr by 2017.
Realty firm, Parsvnath Developers, is looking to sell 1.18 acre of
commercial land near Connaught Place in the national capital for
about Rs700cr in order to reduce debt.
GAIL's subsidiary, GAIL Gas, has signed an agreement to set up a
Rs5,000cr liquefied natural gas (LNG) import facility around Kakinada
or Vishakapatnam in Andhra Pradesh.
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