Equity Market: Recommendations and Analysis for 15TH OCTOBER

Sensex dropped 129.57 pts @18,675.18 while Nifty fell 32.00 pts @ 5676.05. Market fell on Friday following bleak outlook presented by Infosys for its full year numbers and on less hopes of rate cut by the RBI on Oct.30.

indore, India (prHWY.com) October 15, 2012 - Market Wrap
Indian equity markets booked marginal losses this week as disappointing operating
margins posted by IT bellwether Infosys and muted full-year constant

currency guidance. WPI inflation data due out on Monday will have some bearing on
sentiment, especially after the recent diesel price hike. The WPI print for September

could partly influence RBI's stance at its month-end policy review. Technically Nifty is

expected to remain consolidate this week; Nifty this week may range 5550-5830.

India's annual consumer price inflation fell in Sep to 9.73%, driven by a marginal fall in
fuel and food prices, Food prices for consumers fell to 11.6% in Sep from 12% in Aug.

Index of Industrial Production (IIP) for the month of August grew at 2.7 percent versus a
paltry -0.2 percent (revised from 0.1) in July. In the April-August period, industrial
production expanded an annual 0.4 percent. Manufacturing, which constitutes about
76% of industrial production, grew an annual 2.9%, mining sector grew at 2%.

Stocks wrapped up their worst week in four months as results ignited concerns about
Shrinking profit margins for big lenders. Investors, worried about China's slowing

economy and Europes debt crisis, appear to be tiptoeing into a little loved sector - US
small caps. OECD) has sounded a warning over the ever-escalating public debt in


and immigration reform over time.

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