Pre-Market report on 15.04.2008

[Sukumar]

Tension in the ring , Infosys ready to sing
====================================================
US Markets after a sell-off on friday on disappointing GE numbers
closed marginally negative after US bank Wachovia Corp getting an
additional capital infusion. General consensus on the wall street is
of a bad earnings season and negative guidance is priced in.

Japanese market after a sell off is currently trading at 12,898.58
down 18.93 points. USD is currently stable at 101.12 Japanese Yen.

Infosys declares Q4 numbers today and the street is expecting a 6.2%
sequential growth in revenues and a 2% growth in earnings. But as
usual guidance is what that matters. We expect the IT biggie to come
up with a conservative guidance but unlikely to shock the markets
though cationary statements are mandatory. Watch for a sideways to
upward movement in the IT stocks unless there is a disappointment.

Luck favoured Indian Markets yesterday in the form of a holiday.
Rising inflation, mounting losses from forex derivatives, spiraling
food prices,
export ban on major commodities all in all Indian Economy is facing a
real show down. Global credit crisis is another bonus.


Is it the right time to stay invested in the stock market?

When the tough gets going, the going gets tough. We beleive the
current market scenario offers an amazing oppurtunity to invest for
the future. Business cycles are part of the game and it is extremely
important for the investors to switch sectors at a rapid pace. We have
witnessed sectors like Sugar, IT and Realty rapidly detoriating.

We are betting on the agri commodity sector this year along with the
upcoming solar space. Indian Markets are likely to trade in a range
though volatility is seen with midcaps continuing to trade up.

Market Close Box
BSE Sensex 15807.64 0.00
NSE Nifty 4777.80 0.00
USD Rs.39.94
Oil Nymex $111.7

N.Sukumar
Research Analyst.