Indian stock market guide for Investors - April 9, 2007

Indian stock markets are entering into another uncertain week ahead of Infosys results and famous forecast. But, on Monday, Indian shares gain due to positive news from International and Asian markets. Decrease in crude oil price and Rise in Asian markets are positive news. Most of the companies may declare good profits in their financial results.Infy may give less than expected growth projections which will spoil the sentiments of markets and investors.

Stocks for Day Traders:

Lupin - Selling Hypertensive drug patent.
Ranbaxy – Picks up stake in Jupiter bioscience and Profits from Africa.
Gujarat NRE Coke - Due to spectacular Q4 results.
SRF-Raising 500 Crore from Carbon credit.
Tata Power and Reliance - Got permission to hike power tariff in Mumbai.

Investors should stay away from following sectors and stocks:

1. Bank stocks and Auto stocks – I can’t understand why some investors are still buying these stocks?
2. Reliance share may lose some sheen due to Government decision to limit the size of SEZs to 5,000 acre.
3. Real estate stocks will be undervalued due to loss of investor’s interest and government’s restrictions.
4. Fears of Rupee appreciation against dollar is not a good option to enter into IT stocks.
5. NTPC -Due to lacklustre results.
6. Jet airways - Court hearing.