After 2 Successive Weeks Of Heavy Losses, The Bulls Managed To Find Some Of The Lost Ground This Week. But The Bears Continue To Fight And Are In No Mood To Give Up Easily, The War Has Led To Increased Volatility & We Are Expecting In The Coming Week.... All Eyes Would Be On Two Big Events, The F&O Expiry & the RBI monetary policy meeting. This 2 Big Events Will Set The Mood Of The Market For Near Term.
With The Inflation Having Touched 8.43 % In December From 7.48 % In The Previous Month, We Are Expecting As We Said In Our Previous Post...... That The RBI Is To Hike Key Policy Rates By 25 Bps In Its Policy Review This Week, Along With A Cumulative Raise Of 100 Bps For The Year 2011.
We Are Expecting Another Rate Hike By The RBI Later This Month & Markets don't Like Rising Interest Rates, As It Increases Borrowing Costs & Minimize demand.
Most Important For Tomorrow (Monday) Reaction Of Reliance Result..........
RIL Posted A Net Profit Of Rs 5,136 crore, Which Even Though 28.14 % Higher Than The Previous Quarter But Still Below Of The Market Expectations.
