Seeking a change!

Only I can change my life. No one can do it for me. - Carol Burnett

The wave of Anna Hazare has swept the nation like never before in recent years. The public have finally found a rallying point against corruption and are seeking an overall change. Lets see how long this fervor lasts.



The market has no rallying point really as we get into a truncated week with alternate days of trade. Many investors would have opted to beat the heat outside the market and allowed themselves a hiatus before the Q4 results kick off later this week. Infosys will announce its results and guidance on April 15.

For the day, the market will keep a keen eye on the industrial production figure. A high base effect had depressed IIP growth since November. Expectations are IIP may have turned around to record an improvement.

We expect a flat to weaker start. The IIP numbers may more or less give direction for the day. FII inflows, which seem to be tapering off from a late March upsurge will also provide hints of direction in the near term. Crude oil is another big variable that one cannot afford to lose sight of; Futures for May delivery fell 0.4% to $112.32 a barrel on the NYME snapping three days of gains.

On the global front, Libyan leader Muammar Qaddafi has agreed to accept an African Union peace plan that could lead to a cease-fire with rebels, according to a report.