Inflation rose to 7% and the reaction is already seen in the markets on friday where we have seen a dull session througout the day with negative closing and sensex closing to the heavy loses.Though goverement is taking steps to control the inflation by lowering the import duty banning the exports and other thing but these measures seems to be taking time to control the inflation . Markets are expected to trade in the same dullish manner with bias towards the bearish zone . The no clue markets are always like that . the next trigger markets could see is the IIP numbers that are to be released on the friday . Although the asian markets are trading firm we may underperform as usual and give away all morning minor gains to late hours of trading . becasue of domestic negative newz flow.
keep an eye on ....
Bharat Heavy Electricals Ltd (Bhel), has lined up an investment of Rs 900 crore for its non-core operations...
Wockhardt Ltd is planning to raise funds through Private Equity for its group company Wockhardt Hospitals..
JK Tyres is looking to invest Rs 480 cr for capacity expansion ..
Lanco Infratech Ltd will call for bids to procure equipment for its 500-megawatt Teesta VI hydropower project by the end of this month.
WE suggest the wait and watch policy for today with no trades as markets look totally clueless..
have a grt week!!!
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