Though the Indian economy is better placed than many of its Asian peers, it is in no way decoupled with the rest of the world and in the next few quarters it will grow at a rate much lower than the average growth rate seen in the past few years. Besides, the forthcoming Union elections and the unrelenting negative global news flow would continue to act as an overhang on the markets. But the good news is that the Indian economy is likely to respond to the recent monetary and fiscal measures, and could possibly witness a meaningful revival by the second half of CY2009.

Consequently, we expect the markets to remain range-bound and consolidate around the current levels for most of the first half of CY2009. In our view, the consolidation phase should be exploited as it offers a great portfolio building opportunity for the long-term investors. Though the uncertainties abound, the downside risk is limited and the risk-reward ratio is hugely in favour of the long-term investors. Especially since the benchmark index is trading at close to the historic low of around 10x one-year forward
earnings.
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Market Outlook - Sharekhan - 03 01 09

>Market Outlook - Sharekhan - 03 01 09

Though the Indian economy is better placed than many of its Asian peers, it is in no way decoupled with the rest of the world and in the next few quarters it will grow at a rate much lower than the average growth rate seen in the past few years. Besides, the forthcoming Union elections and the unrelenting negative global news flow would continue to act as an overhang on the markets. But the good news is that the Indian economy is likely to respond to the recent monetary and fiscal measures, and could possibly witness a meaningful revival by the second half of CY2009.

Consequently, we expect the markets to remain range-bound and consolidate around the current levels for most of the first half of CY2009. In our view, the consolidation phase should be exploited as it offers a great portfolio building opportunity for the long-term investors. Though the uncertainties abound, the downside risk is limited and the risk-reward ratio is hugely in favour of the long-term investors. Especially since the benchmark index is trading at close to the historic low of around 10x one-year forward
earnings.
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Market Outlook - Sharekhan - 03 01 09

Sterlite Industries - Emkay - 30 12 08

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Sterlite Industries - Emkay - 30 12 08

Sharekhan Top Picks - 03 01 09

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Sharekhan Top Picks - 03 01 09

>Anagram's Eveninger & Bulk Deals 01/01/2009

Markets begun 2009 on a positive note amidst a broad based rally though volumes were abysmally low. Sensex gained 256 points to close at 9903 while Nifty shut shop at 3033, up 74 points. Turnover at Rs. 32503 cr. was the lowest since April 2007. Inflation for the week ended December 20 came in at 6.38% as against previous week's 6.61% and Bloomberg expectation of 6.41%. Most of the global markets are shut today on account of New Year holiday.
All the BSE sectoral indices closed with gains. Realty and Metal indices were the top gainers, up 6.5% and 6% respectively. R Com and Tata Motors were the top gainers among the sensex stocks, putting on 8% and 7.5% respectively, while Ranbaxy and ITC were the only losers, shedding 1% and 0.03% respectively. BSE advance-decline ratio stood at 4:1.
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Anagram's Eveninger & Bulk Deals 01/01/2009

>Utilities-Tilaiya UMPP

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Utilities-Tilaiya UMPP

>Fortis Healthcare - ICICI Direct - 30 12 08

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Fortis Healthcare - ICICI Direct - 30 12 08