The markets will start from 7700 on the Nifty and the Banknifty will be in the lead from 15200 levels as cyclicals celebrate earnings and non performers already discounted out of the rally remain worse off after another bout of results including DLF and banks like United. The Sensex is also near the 25900 marks and
Sadly, no such rush is likely to be evinced in the markets given the realisation in everyone’s minds brought about by extreme caution and fatigue from 5 years of a on and off recession and not much progress for India on the growth front. However, markets are likely to continue in the green given that
The Expiry draws to a close and though last minute arbitrage is better possible with some quick cuts on the indices till Thursday, today is likely to see better traction for the entrenched long term investors , who as of now do not seem to be sensitive to the admittedly limited down moves of the index.
Markets are still ready to test the 7800 mark with Bank nifty falling to 15350 levels on Friday and ICICI Bank only reporting towards the end of the week. YES Bank however seems unnecessary subdued at 540 levels unless the stock has been given the heave ho for its general mid cappedness, to which I
The indices climbed out of a big hole on Thursday as they completed a drop back to 7800 without losing the uptrade, with ICICI Bank results on 31st likely to see better levels for itself and the market. IDFC and YES remain the best picks followed by higher returning midcap Pharma stocks like Glenmark. Futures trades
Afternoon wires and press notes from the bank are likely to see the cementing of the bank into a stable mode with growth in mortgages and continuing improvement in international margins. Markets will thence follow SBI and ICICI Bank upward out of 7800 levels at close.