Pre-Market report on 14.07.2008
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K.Karthik Raja
Jul 14, 2008, 12:13:50 AM7/14/08
to Kences1
Stocks headed for a higher open on Fed's bail out plan
Jul 14, 2008
Expect a high degree of volatility in today's trade as market resumes
trade
after losing nearly 3 percent on Friday. The sentiment has not changed
much
from last week as investors are still wary about taking long positions
in
the market.
The US markets closed the week losing nearly a percent on concerns of
worries in the financial sector. Meanwhile things looked up as the
government on late Sunday announced a bail out plan to save Fannie
and
Freddie, the two big mortgage lenders in the US.The steps are also
intended
to send a signal to nervous investors worldwide that the government
is
prepared to take all necessary steps to prevent the credit market
troubles.
This might boost repair the bearish sentiment a bit in early trade in
the
Asian markets.
Coming to the domestic markets, midcap cement companies might see
some
action on the news that ADAG group is in discussion with mid size
cement
companies like Gujarat Sidhee and Saurasthra Cement.A final decision
on
Spice Jet stake sale might be out in the next two weeks as things are
gaining pace on the sale front. Expect realty and Banks to stay
subdued as
the worry on interest rate hike still remains. UTI Bank might be stock
to
watch today as the bank will report its Q1 numbers today.
The board of Jindal Polyfilms will make a decision on the buy back
price
today and the stock might see some action. Technology stocks should
remain
subdued as Infosys failed to impress the street and the market has
toned
down its expectations for the numbers that are yet to come from other
big
tech firms. CMC Ltd, Everonn Systems and Tanla Solutions are some of
the
notable firms that are on deck to report their Q1 numbers. Expect a
lacklustre day of trade as there are no triggers that could really
boost the
sentiment and turn the table on the bears.
Previous Close Box:
BSE Sensex 13469.85 -456.39
NSE Nifty 4049.00 -113.20
USD Rs.42.72
Oil Nymex $145.0
K.Karthik Raja
Jul 14, 2008
Expect a high degree of volatility in today's trade as market resumes
trade
after losing nearly 3 percent on Friday. The sentiment has not changed
much
from last week as investors are still wary about taking long positions
in
the market.
The US markets closed the week losing nearly a percent on concerns of
worries in the financial sector. Meanwhile things looked up as the
government on late Sunday announced a bail out plan to save Fannie
and
Freddie, the two big mortgage lenders in the US.The steps are also
intended
to send a signal to nervous investors worldwide that the government
is
prepared to take all necessary steps to prevent the credit market
troubles.
This might boost repair the bearish sentiment a bit in early trade in
the
Asian markets.
Coming to the domestic markets, midcap cement companies might see
some
action on the news that ADAG group is in discussion with mid size
cement
companies like Gujarat Sidhee and Saurasthra Cement.A final decision
on
Spice Jet stake sale might be out in the next two weeks as things are
gaining pace on the sale front. Expect realty and Banks to stay
subdued as
the worry on interest rate hike still remains. UTI Bank might be stock
to
watch today as the bank will report its Q1 numbers today.
The board of Jindal Polyfilms will make a decision on the buy back
price
today and the stock might see some action. Technology stocks should
remain
subdued as Infosys failed to impress the street and the market has
toned
down its expectations for the numbers that are yet to come from other
big
tech firms. CMC Ltd, Everonn Systems and Tanla Solutions are some of
the
notable firms that are on deck to report their Q1 numbers. Expect a
lacklustre day of trade as there are no triggers that could really
boost the
sentiment and turn the table on the bears.
Previous Close Box:
BSE Sensex 13469.85 -456.39
NSE Nifty 4049.00 -113.20
USD Rs.42.72
Oil Nymex $145.0
K.Karthik Raja
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