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Sunday, October 28, 2012
Saturday, October 27, 2012
Q2 results, RBI policy review in focus
Next batch of second quarter corporate earnings, Reserve Bank of India's monetary policy review and a likely reshuffle of the Union council of ministers will dictate near term trend on the bourses. Automobile and cement stocks will be in focus as companies from these two sectors will start unveiling monthly sales volume data for October 2012 from Thursday, 1 November 2012. The focus of the stock market is currently on the second quarter corporate earnings. Investors and analysts will closely watch the management commentary that would accompany the results which could cause revision in their future earnings forecast of the company for the current year or the next year. Bharat Heavy Electricals (Bhel) announces Q2 results on Monday, 29 October 2012. Maruti Suzuki India, Grasim Industries and Dr. Reddy's Laboratories unveil Q2 results on Tuesday, 30 October 2012. Power Grid Corporation of India announces Q2 September 2012 results on Wednesday 31 October 2012. Wipro announces Q2 results on Friday, 2 November 2012.
Boring week ends in red; Sensex, Nifty witness marginal losses
The Indian indices were all locked in a tight range for the week ended October 26, 2012 with no major action on the D-street. The Sensex fell 57 points while the Nifty ended the week down by 20 points. L&T Q2 net profit jumps 42% TCS up over 2% on strong Q2 earnings M&M hits weekly high post Q2 results Mukesh Ambani retains top position in Forbes India rich list
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