market may consolidate
- Market is expected to show rsilience this week pinning hopes on quarterly earning figuresof corporate amid global market heading towards consolidation after top 20 economic powers pledged to infuse $1 trillion into the economy.
- Indian market would take cues from global markets and head towards consolidation as the Asian and American bourses settiled with marginal gains post G-20 meeting.
- Domestic boures will trade in the positive zone but the past few week's rally would be broken,kejriwal research and investment services head Arun Kejriwal said.
- Marketman said the G-20 meeting is unlikely to have any significant impact on the Dalal street as the news has already been factored in.
- The G-20 news has already been discounted by domestic market so there would not be any drastic impact.
- The market is likely to continue in the positive territory this week with some amount of consolidation-Geojit finencial services reseach head Alex Mathew said.
- However marketmen expect the trigger for fresh buying this week would come in the form of corporate India's earing figures for the quater and finencial year ended March 31 2009.
- Global leaders took their biggest steps yet towards a new world order that's less US-centric with a more heavily regulated finencial industry & a greater role for international institutions & emerging markets
- The optimism of the report’s authors is shared by the UN’s World Tourism Organisation (WTO), whose latest numbers predict that 50 million Indians will travel overseas by 2020
- SBI has reduced lending rates for new SME loans up to Rs 5 lakh to eight per cent and that for loans of Rs 5-25 lakh to 10 per cent, SBI chief general manager B.S. Bhasin said.
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