Weekly Wrap

By Abhishek on 2:52 PM

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The Sensex gained 673 points (4.3% ) to close 6 - week high at 16481 against the last week. The Sensex gained nearly 1100 points (7.5%) in the last two month consecutive week. There was broad based buying in the market in Mid- CAp , Small - cap , SUGAR , FERTILIZER , Private Banking , TECH , and Reality Stocks. Impressive infosys Q4 results and its guidance boosted market sentiment. More ever rally in the Global Market and declined Inflation rate also lifted the market. This week, SRF , Polaris , Bhagyanagar India an Surana Tele announced share buy - back . As a result, many miid - cap and small cap stocks witnessed bargain hunting. We expect rally may continue due to stability in the Global Markets. However Crude Oil over $115 / barrel is still a major concern in the market. Next week Wipro , Reliance , TCS , Satyam , RAnbaxy and HDFC bank will announce results. Our top picks among large cap are Reliance , Hero Honda and Axis Bank. And among the mid cap and small cap stoks like Sintex , IVRCL , LIC Housing , DENA Bank , TV Today and TAJ GVK

RBI Raised CRR by 50bps in two tranches. first will be effective from 26th of April and second 25bps will be from May 10th. So this will make a short term negative impact on our market and this will drag 18500 crs from our banks. But on Friday Dow , Nasdaq was flying high.. so on Monday we will get a bullish clues from other Asian Market and in Mid of trading from European Market also.. So , it will be interesting to watch MONDAY in our market as RELIANCE Industries will also announce its Q4 and annual result in or after market hours.


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