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So from on the inflation figures will be released on Thursday evening 5 PM instead of Friday noon. The inflation figures stood at 11.89% last week. This time around there was not much rise in the inflation figures. It now stands at 11.91% for the week ending July 5. The inflation levels were 4.61% in the corresponding period last year. The rise is mainly attributed to higher food and petroleum prices. This may force the central bank to hike the key financial rates.
And finally the sensex has broken the 5 day losing streak and ended the day up by over 536 points or 4.26% from its previous close. The nifty was up by 131 points or 3.31% from its previous close. Both sensex and nifty are at crucial levels to watch out now. Strong global cues and fall in crude oil prices led th come back rally. Some of the major gainers included HDFC,DLF,BHEL,Jai Prakash Associate,SBI,Yes,PNB,Bank of India etc.
There is some good indication coming from US markets yesterday when Dow and Nasdaq closed up by 1.85% and 1.20% mainly because of crude oil falling below $130/barrel in the last one month. And the Asian markets are also trading higher this morning. So barring any more bad news , the Indian markets should open with a gap up today and perform well.The results of Wipro and Satyam Computers will be coming out today. So just keep a look at the IT counters clearly.
Now some Intra day tips for July 16: HDFC(cmp 1889), Unichem Lab(Cmp 177),Balaji Tele(cmp 163),TCS(cmp 779),Axis Bank(cmp 635),Hero Honda(cmp 659),Suzlon Energy(cmp 195),Maruti(cmp 600),JP Associate(cmp 149),Punj Lloyd(cmp 210),IOCL(cmp 364),Kotak Mahindra Bank(cmp 468).
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