Microsec:Weekly Fundamental Report 17th Oct - TopicsExpress



          

Microsec:Weekly Fundamental Report 17th Oct 2014 microsec.in/static/pdf/Weekly%20Report%20%20October%2017,2014.pdf OUTLOOK:As expected, Indian markets remained volatile led by Global Markets on fears of slower global growth. Decline in IIP growth numbers raised concerns but were partly negated as RBI Governor indicated the fall in number was also due to Nokia plant shutdown. CPI and WPI data were better than expectations at 6.43% and 2.68% respectively against 7.20% & 3.24%expected. We expect the CPI and WPI to decline further as Brent crude oil prices has fallen to ~$85/barrel which bodes well for India. Also the peaking of the diesel prices which were raised since Sep 2012 also indicated that diesel led price inflation may have subsided. Keeping all these factors in mind, we believe Banking sector and other interest rate sensitive sectors may see a rebound going forward. Results slated for the week are: Cairn India, Idea Cellular, HDFC Bank, Blue Star,H DFC, KMB, Wipro et al. The content in the table is updated at 5:00pmIST as on October 17, 2014.
Posted on: Fri, 17 Oct 2014 13:52:09 +0000

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