1.. RIL results are very much dissapointing.
The profit came near to 4400 Cr, out of that ~~1700Cr was from other income OR SAY TREADORY INCOME ON NEARLY 85000Cr CASH.
This reflect very much poor performance,
Other thing, the share BUYBACK, it came at lower range of the concensus.
The expected was between 10000Cr to 15000Cr, but announcement was 10440. And that too at lower price range.
This will dempen some MKT sentiments and specially the Index heavyweight RIL share.
2.. LT result on Monday 23. Jan
As soon as the MKT will try to overcome the RIL shock, the LT will prove one more catalysts..
The margin pressure is already known apart from the interest cost.
Also the LT management has discussed some higher management rejig.. something is cooking there.
Again LT is index heavy weight and 3-5% swing could take MKT to any side..
The story will be uncovered.. during the mkt hours..
3.. RBI policy on 24th Jan
We saw most BANKS and the realty stocks rallying on Wed-Thu-Friday.
It was in the expectation of the possible Rate - cuts.
But the way Federal Bank and YESBANK hiked deposit rates last week,
And the IIP/Growth figures are not that bad so propel immediate rate cuts.
Also the inflation has not cooled that level toooooo to propel immediate rate cuts.
So the RBI stand would be wait and see..
no change expected...
4.. MKT is gaining constant 8% in this series without any correction,
that also has some appetite for some pull back.
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