The 1PM Update – Surfeit of small media results

Dollar intra day opportunists abound while Rupee opportunities lie on the table just the CERC hikes thru except for Tata Power at Mundra. REC, PFC, Powergrid ( not SEB receivables but likely prospects of relisations) gain for positional picks. 

Keeps long interest in Indian equities sterady and accumulating with a positive bias. 

DishTV and DB corp seem to have crossed the rubicon of distrust due to structural moves and expectations of the same in the industry 

Maruti will probably lose just another 50-60 bucks from 1100 before a return to better prices begins

SBIN noises on slow credit growth and rating agencies’ /analysts targeting it for high NPA growth look increasingly likely to lose and that alone could decide whether Nifty will play in the bigger leagues this year and cross out of 5300



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