I would suggest MARUTI for purchasing new positions in the market but the bottom is not is, this price would have no problem giving you a profit except fro short term trades I think SESA and STER_EQ disappointments are also likely reasons markets are disappointed and those switching HEROMOTO to BAJAJ in the FII fraternity and otherwise are causing serious consternation in the markets testing the last of the 5200 bulls at 5165. If the markets do not do the late afternoon “Catch that Train” the new President will indeed be greeted with all India at a standstill
Page and TV18 report today, ING and LIC Housing do the honors tomorrow with a host of others including Lupin, Pidilite and Shriram Transport Finance. Wednesday Jubilant Foods and YESBANK report th enew dominators’ performance in a block of three months of not so slow consumption and for Jubilant hinterland expansion and competition. MCX India reports Thursday
ICICIBANK and Maruti could well report on the weekend though for different reasons. HSBC AMC Global CEO, Sridhar Chandrashekhar had a great India/Emerging Market story to tell on ETNOW on the weekend
Bond yields had sttayed slightly higher last week but we think this reactiveness from weak equities could pass into history with Emerging market yields headed lower and to 7.5% in india. Auctions on Friday went well for RBI again and i thought though 90 days were trending lower 8.35% was a real shocking liquidity premium.