Purnartha - 07-Oct-2013 - Analysis of events & factors likely to have near, medium term impact (To receive these updates in your mailbox - just call our toll free number: 1800 - 266 - 0161 or send an e-mail to support@purnartha giving your name and phone number) Currency Market In the last one month from swap window RBI has received $5.6 Billion which has helped rupee to show appreciation against dollar. Equity Market Market was volatile on Friday. Banking, Metals were the major gainers. Events this week: 1) Infosys result 2) Trade balance data 3) Industrial Production data 4) Manufacturing Output data 5) WPI Numbers Markets may show volatility due to these events Infosys Result expectation • Dollar revenue growth to increase around 13.5 to 16% QOQ, • Volume growth should be around 4%, • Bottom line may get impacted due to price hike given for offshore employees. • Guidance for FY14 is more important. Expecting to revise FY14 growth guidance on upward side. Results expectations • In US, companies are expected to report a good set of quarterly results. Hence, the US market might see some positive surprise. • There are very low expectations from Indian companies for Q2 results. If the market receives even the slightest positive sentiment from any company, it might trigger big move in the corresponding counter. • Very high set of expectation have been built up from Technology companies. So those results will be very closely watched. • FMCG companies will also be watched closely due to good monsoon. Many traders, investors are expecting some positive set of results from these companies. • Pharma companies are expected to be volatile ahead of results. Companies like Sunpharma, Lupin are trading at their lifetime highs. Anything in the result differing from expectation, may result in huge volatility.
Posted on: Mon, 07 Oct 2013 05:43:03 +0000
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