18-04-2012

Market Outlook:

Market is expected to open on positive note, We can see Nifty spot to trade around 5310-5320 in opening trade, if Nifty spot sustain above 5325 level we may see buying momentum to continue in midcap space, Nifty spot is having resistance at 5325-5360 above 5360 we may see short covering to initiate in market and it could move till 5390 during the day, whereas Nifty spot is having supports at 5280-5250.

Result today : Infotecent, Saberorgan, Rssoftware, Canfinhome, HDFCBANK, HCLTECH, CMC.

DATA ALERT FROM INDIA

• CPI COMBINED, URBAN AND RURAL for March, to be detailed by CSO.

DATA ALERT FROM OVERSEAS

• UK UNEMPLOYMENT FIGURES for March.

• EU BALANCE OF PAYMENTS FOURTH QUARTER ESTIMATE.

• EU CONSTRUCTION OUTPUT for February.

• US MBA MORTGAGE APPLICATIONS SURVEY for week to Apr 13.

• US CRUDE OIL STOCKS in week to Apr 13.

• US GASOLINE STOCKS in week to Apr 13.

• US DISTILLATE STOCKS in week to Apr 13.

• US REFINERY USAGE in week to Apr 13.

Result :

•SKF India Jan-Mar net profit 65.97 cr rupees vs 60.95 cr rupees (YoY).

• VST Ind Jan-Mar net profit 36.73 cr vs 26.90 cr rupees (YoY).

• IFCI Jan-Mar net profit 219.25 cr vs 233.03 cr rupees (YoY).

HCL Technologies Jan-Mar standalone net profit 400 cr rupees

• HCL Technologies Jan-Mar standalone net sales 2165 cr rupees

• HCL Technologies Jan-Mar consol net profit 603 cr rupees

• HCL Technologies Jan-Mar consol revenue 5216 cr rupees

• HCL Technologies to pay 2 rupees/share dividend