Asia markets wave green flag, SBI beats

Indian equities might open marginally higher on Monday moring as rest of the Asian markets trade higher. Investors eye RBI meeting on Jan 25th as expectations of a higher rate hike build up.

News Bytes

* RBI may hike rates 25 bps to tame inflation

* R-Power to save Rs 6,500 cr on funding Sasan project

* Natco may seek compulsory licence for Bayer's cancer drug

* SAIL decision on FPO likely by next month

* GACL partners with German firm for HPPO project

* Oil India, IOC to give up oil blocks in Libya

* SBI beats Street estimate; net profit up 14% at Rs 2,828 cr

Markets - Range bound

With expiry on thursday and a holiday on the 26th, we believe choppy trade will be the name of the game going ahead. Volatility might mar trading tomorrow as RBI will decide on the interest rates.

State Bank delivered good numbers on saturday. Overall Corporate India's Q3 performace is satisfactory. We picked up bullish feelers from two major FIIs Goldman Sachs and JP Morgan. Let us see what is in store soon

Wipro and Reliance to report today

Gold fell to a two-month low on Thursday as stronger-than-expected US jobless figures pushed the dollar higher and sending investors rushing to sell on improving economic situation. Dalal Street might see a minor sell-off today.

Asian markets are trading mixed Friday morning

Reliance to dictate the future course

While technically Reliance Industries is looking weak, the quarterly numbers might set the tone for the equity markets in the short run. Wipro also reports today. Markets are trading extremely volatile and it is better for oneself to stay away from trading for the next few days till things get sorted out. We believe 5700-5800 is the place Nifty might take rest during the F&O expiry which is slated for next thursday

LIC Housing beats the street, Tata Steel FPO receives lukewarm response on Day 1

Dalal Street is all set to open marginally in the red on weaker global cues on Thursday with investors eyeing Q3 earnings. US stocks pulled back Wednesday to session lows as softer-than-expected earnings from big banks weighed on sentiment.

Asian markets are trading in the red today

Markets - Down but not out

While big FIIs like Credit Sussie were bearish on India atleast for the new quarters, we expect things to change rapidly from the next few weeks. The amount of negative news flow India is witnessing is stupendous but one should understand the dynamics of an economy that is growing leaps and bounds. While the corrections are swift and the pullbacks are even faster, the current correction is definitely beating the devil out of investors. Value buying yesterday shows some signs of recovery round the corner

D-Street likely to see ranged trade

Indian equities are likely to witness a ranged trade today with negative bias after a final hour rally that took short sellers by surprise yesterday. Wall Street extended the rally with Dow Jones adding up 50 point gain. IBM and Apple reported stellar numbers after hours on Tuesday

Markets - Not of woods, but end in sight

We are not convinced with yesterday's rally but expect the end of the selling soon. While midcap and smallcap stocks are out of favour understandbly as the recovery happens in the frontliners.

We expect markets to touch new lows (around 5500-5550) levels soon and then likely to bounce with a vengeance. RBI rate hike might be much needed trigger for the Bulls as the overhang will be done with

Q3 numbers not too far from expectations so far, D-Street to open in green

Stocks are likely to witness a gap up open marginally though, followed by a volatile ride on positive Q3 results from TCS. Wall Street closed for trade on Monday on account of Martin Luther King holiday.

Among noted companies that declare Q3 today include DCB, GAIL, Indiabulls Real Estate, Mindtree, Petronet, Tata Elxsi.

News Bytes

* Dandekars in talks to sell 15% stake in Camlin.

* Infosys told to pay Rs 400-cr tax on onshore sales

* Essar Oil posts profit of Rs 273 crore

* Larsen & Toubro's order inflow drops 25% in Q3

* TCS profit jumps 30% on all-round growth

* Axis Bank net rises 36% on robust credit growth

* IL&FS may infuse Rs150 crore in Maytas Prop

* Parsvnath targets Rs13,000 cr sales

* GAIL scouts for US shale gas assets; may invest $500 mn

* JSW buys Bellary Steel for Rs 2.1 bn

Nifty - Struggling to inch up

Yesterday's session indicate markets are beaten down on every attempt to rise. Disecting FII data yesterday's suggests a positive move today. FIIs bought nearly 600 cr worth Index Futures yesterday while sold 400 cr worth Index options.

We might find a bottom later this week.

D-Street to witness subdued session, China rate hike might take toll on metals

While global markets are hitting new highs every alternative day especially Wall Street and Nikkei, Dalal Street is stuck in the clutches of Bears, taking a severe beating in the last two weeks.

Wall Street hit a 30-month high while Nikkei is trading near to 8 month highs.

News Bytes

* Infosys plans to acquire smaller US outsourcers

* Allied Digital looks for UK JV partners

* UTV may exit Indiagames

* GMR, GVK groups may bid for Bali airport revamp project

* No Sebi ban on me or my firms, says Anil Ambani

* SBI to raise up to Rs 2K cr by bonds


Metals to lose sheen

Metal stocks might take a hit after China raised rates on Friday. From an investor perspective it is really tough to invest on D-Street with the kind of negative news flow one is witnessing. But we believe majority of the downsides are factored in and RBI policy meet next week might be the "Buy on News" signal.

Coming to traders this market is for bravehearts only and the volatility has driven traders out of the marke

Street looking towards the saviour (Nifty - 5700

Traders will be keenly keeping an eye on 5700 level for Nifty and might go all out shorting the market once the levels are broken. Asian markets are trading in the red on Friday morning

Nifty - Watch out for 5700

We believe this level will be tested in the early morning trade. Any bounce back in Nifty above 5820 levels will create panic among short sellers. While bulk of the selling is done there is still some more pain. The indicators are turning bullish though fresh shorts were created in the system yesterday.

For investors it is better to wait and watch while traders should carefully watch the levels