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Friday, January 17, 2014



DALAL STREET face 

INDIAN BENCHMARKS ended flat aimed volatile. Better-than-expected quarterly
numbers from Infosys failed to cheer the sentiment. Index continued to be choppy for most
part of the week. Meanwhile, despite low export growth, trade deficit stood at $10.14bn in
December 2013 compared with $17.59bn in December 2012.

 Data late on Friday showed industrial output unexpectedly fell an annual 2.1 percent in
November, after contracting a revised 1.6 percent in October.

The INDIAN BENCHMARKS SENSEX ended 45.12 points or 0.22% up at 20758.49 and the
50-share NIFTY closed 3.10 points or 0.05% up at 6171.45

GLOBAL MARKET chase 

ASIAN STOCKS were mixed after China reported a solid trade surplus for December with
exports just shy of the full-year target.

U.S. STOCKS ended mixed after the U.S. Dec jobs report disappointed investors though losses
were limited over the monetary implications the dismal numbers may bring to equities prices.

EUROPEAN STOCKS raised, after the release of upbeat French industrial production data and
as remarks by European Central Bank President Mario Draghi continued to support.



week ahead

INDIAN INDICES shares may bounce back from a weak start in 2014 as Data
showing easing inflation and an optimistic start to October-December earnings. India will post
wholesale and consumer price data on Tuesday, which will help determine whether the Reserve
Bank of India will resume raising interest rates after tightening monetary policy by a total of 50
basis points over September and October.

India's inflation rate is expected to ease in December to 7.00 percent from the 14-month high of
7.52 percent in November helped by waning food prices, a Reuters poll of 22 economists
showed.

Further, Index heavyweights ITC Ltd and Reliance Industries Ltd will also post results in the
second half of the coming week giving clues on where India's stalled investment cycle is
heading.




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