Weekly Newsletter - Apr 17 2008

After a short and sweet week, it's going to be a flood of results next week. The big ticket ones on Monday include Reliance Industries, TCS and Satyam among others. And as if all that was not enough, the RBI has hiked CRR.

While individual stocks will swing to the numbers announced, the overall market sentiment will continue to be driven by global factors. The government is stepping up efforts to reign in inflation. The results, both local and global have been so far on expected lines and in some cases better than expectations. Counters like Infosys which have had a good run this week may see some cooling.

Most importantly, on April 21 (Monday), short selling will commence. It may be recalled that SEBI had decided to operationalise short-selling by institutional investors and a full-fledged securities lending and borrowing scheme for all market participants with effect from April 21. Get ready for an action packed week beginning Monday.