Market Outlook: -Swiss shock pulling down global markets, which - TopicsExpress

Market Outlook: -Swiss shock pulling down global markets, which will have a rub-off on native markets. -We believe, though yesterday’s event initiates a change in stance which would keep markets buoyant. -A gap up opening close above 8450 and Bank nifty making a new high have changed medium term pattern towards a rally to new highs till 8250 is protected. -Any correction towards 8400-8450 zone will now present a buying opportunity targeting for a level of 8600 or more. -BHEL IN: Bagged Rs 12.02bn order for 370 MW gas-based combined cycle power project in Karnataka. -GAIL IN: As per media reports, Royal Dutch Shell & French firm GDF Suez are likely to take 26% stake each in Cos proposed floating LNG import terminal at Kakinada in Andhra Pradesh. bit.ly/16JanOutlook

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