Indian Stock Markets will rebound today due to strength in fundamentals and good global cues. Markets will surely recover from yesterday losses due to good Q4 results by companies. Markets may rise smartly in the early trading and gradually may consolidate.
Global cues: Oil prices drop in international market. Only concern in slow down in China and rise in interest rate.
News of the day: No service tax on exports. Good monsoon and better rural income.
Results today:
Satyam, Wipro, Renuka Sugars, Zee News, Exide, India Cement and Gujarat Ambuja Cements.
Stocks for Indian Investors:
1. Kirloskar Oil and Suzana Metals posted good results.
2. IT stocks may gain due to weakness in rupee and strong Wipro and Satyam results.
3. Long term investors should closely watch sugar stocks as they may reach attractive price.
4. ACC may rise today due to sharp decline yesterday.
5. Matrix will gain due to Novarsc exclusivity.
6. Balaji Telefilms will raise due to JV with Sun TV.
Stocks to be avoided:
1. VST industries posted losses in its Q4 results.
2. Avoid Sun Pharma, Orchid Chemicals and Aurabindo Pharma.
3. Kirloskar brothers poor showing.
4. Essel Propack results are not impressive.
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