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Vikas Thakur
Capital Placement Services.
Gurgaon Haryana India
capitalhr@gmail.com
09899409300
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----- Original Message -----
Sent: Saturday, April 17, 2010 6:46 PM
Subject: Weekly E-Magazine : Corporate results to provide near-term direction
| | | | | | | | | Dear Vikas Thakur, | | 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 : Market snapped a nine-week rally on profit booking | | | | | The market snapped a nine-week rally on profit booking in frontline stocks as a tussle between regulators on oversight of ULIPs weighed on investor sentiment. |  | Speculation that the RBI will further tighten monetary policy next | | | | week also worried investors. Ignoring strong global cues, key Indian indices fell in all four trading sessions last week | | 
| On the macro front, the latest data showed that inflation rose less- | | | | than-expected in March 2010 | |
| The wholesale price inflation (WPI) rose by 9.9% in March 2010, a | | | | tad higher than a 9.89% rise in February 2010 | |
| The government also announced that the primary articles price index | | | rose by 13.88% in the year upto April 3, 2010. The fuel price index rose 12.43% and the food price index rose by 17.22% in the year to April 3, 2010 | |
| Benchmark indices opened on a flattish note and ended on a | | | | negative note. The BSE Sensex fell by 341.96 points or 1.91% to close at 17,591.18 in the week ended Friday, April 16, 2010. The S&P CNX Nifty lost 99.15 points or 1.84% to 5262.60 in the week | | | | | | Week Ahead : Key corporate results could provide near-term direction | | | | | | Some key corporate results that are due next week could provide near-term direction for the stock markets. A hike in key policy rates is in the offing when the Reserve Bank of India announces its annual monetary policy for the year ending March 2011 on Tuesday, April 20, 2010. | |
| Market participants expect more monetary tightening action from the | | | central bank to contain inflation. RBI is expected to hike key policy rates by at least 25 basis-points and also tighten provisioning requirements on banks lending to the real estate sector | |
| On April 22, existing home sales data are expected from the US | | | while on April 23 UK GDP numbers and US new home sales data are expected | | |
| All eyes are on the monsoon this year after drought last year, good | | | rains this year will boost farm output and rural incomes. However, another monsoon failure will add to inflationary pressures. This, in turn, may hamper the current strong economic rebound | | Sincerely, | | ICICIdirect.com | | | | | | | | |
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