Poll outlook is going to be a decisive factor for market direction, and it is mostly indicating for a stronger BJP victory which should help uptrend. The global markets closed broadly positive on Thursday and without any major negative trigger, the markets on Monday are expected to remain flat to positive. If there is a correction, the market should take support at lower level, but if opening is positive, strong upside moves are possible. Results will cause stock and sector specific movements.
Today’s Headlines
1) Infosys Europe revenue crosses $2 bn for 1st time
2) Seven Sensex firms add Rs 30,862 cr in m-cap
3) India's forex reserves rise to $309.44 bn as of April 11: RBI
4) Level of NPAs, recast loans to rise to 15% in FY15: Fitch
5) Foreign investment in defense cos capped at 26%: DIPP
6) LinkedIn hits 300 mn milestone; bets on mobile handsets
7) Retail inflation rises on costlier food
8) Largest bond sale of Rs 20,000 cr fully covered
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf
Today’s Headlines
1) Infosys Europe revenue crosses $2 bn for 1st time
2) Seven Sensex firms add Rs 30,862 cr in m-cap
3) India's forex reserves rise to $309.44 bn as of April 11: RBI
4) Level of NPAs, recast loans to rise to 15% in FY15: Fitch
5) Foreign investment in defense cos capped at 26%: DIPP
6) LinkedIn hits 300 mn milestone; bets on mobile handsets
7) Retail inflation rises on costlier food
8) Largest bond sale of Rs 20,000 cr fully covered
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Eq_MorningBell.pdf