India Morning Report: Markets look to ease out to 7500

FDOI opening in the Railway infrastructure area and finally getting approved for the 49% hike in Defence means better traction for funding down the road, but as of now, markets have peaked and would like to settle down to 7500 levels before another attempt at another peak as BS/ET outline how India finally scores ahead of Indonesia even as China sentiment takes a dive (yet again) locking FII money out for a few more months

IPCA action is likely negative only for the company and not the Domestic Pharma players who have also strengthened their international folios like Glenmark and even Lupin and Cipla. Two wheeler cos continue to see a tumble but all said and done Bajaj still stands proud while the Hero wars have taken a few pieces out of Hero corp in spends and Honda is not a l,isted player though a deserving no 2 in the mass market, even no. 1 uin less than 2 years from now.

State Bank results will probably start the stock up from 2400 levels it has been hanging on to.


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