Weekly Newsletter - Apr 10 2009

It's raining gains and holidays. As if the recent truncated weeks were not enough, the exchanges have announced another holiday on April 30 on account of elections. May 1 will of course be closed on account of Maharashtra Day. This means that the settlement will be advanced to April 29, which is Wednesday. Now that's a week later. For the coming week we have earnings even as the Lok Sabha elections get underway. Infosys results and more importantly the management tone for the current fiscal year will be closely followed. The global cues will of course continue to provide cues though overconfident bulls tend to turn things their way these days without any fundamental reason. Though, the market could continue the recent ascent don't forget to keep your seat-belts on. In case you can't steer through a rough ride, go easy on your accelerator.