Market Outlook: -Early Asia putting up a comeback as crude rose - TopicsExpress

Market Outlook: -Early Asia putting up a comeback as crude rose and expectations of exporters posting good nos (weak currencies) -Native markets too will get pull over, though one would have to watchful of its strength. -Nifty needs to hold on to support zone of 8030-8060 for any substantial bounce back to materialize. -HDFCB IN: As per media reports, the Bank has appointed a lead banker for its sale of shares to raise as much as Rs 100bn. -As per media reports, Govt. plans to sell shares in Power Finance Corp (POWF IN) & Rural Electrification Corp (RECL IN) in third week of January, raising about Rs 30bn. -WPRO IN: Won a $400mn multi-year IT infrastructure management contract from Swiss engineering giant ABB. -WPL IN: UK drug regulator has eased restrictions on Cos drug unit at Chikalthana, near Aurangabad, but a full approval to the facility is yet to come. bit.ly/8JanOutlook

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