Wall Street surged closer to multi-year highs Thursday, as hopes for a major budget deal in Washington and efforts to contain Europe's sovereign-debt crisis whetted investors' risk appetite.
News Bytes
* RIL caught in India, Saudi Arabia cross fire over anti-dumping duty on polypropylene
* Greece gets new bailout with private sector help
* GAIL may supply gas to Bandel Thermal Station
* Suzlon plans to buy balance 4.8% shares in REpower
* Research firm report triggers fall in Reliance, RCom shares
* Food inflation dips to 7.58% on cheaper pulses, cereals
* I-T searches at IRB Infra premises in Mumbai, Pune
* Indiabulls Power plans to raise Rs 900 cr
* Sesa Goa posts net profit of Rs 840 cr in Q1
* KP Singh's daughter sells 6 mn DLF shares
* Narayan Murthy buys Bigshoebazaar stake
* Indiabulls Financial Q1 profit up 66%
* JSW Energy Q1 profit slumps 54 pc
* Reliance Broadcast, RTL jt venture to launch thematic TV channels
* JSW Energy to commission 1,100-MW power projects this fiscal
Markets : F&O adjustments begin
Indian markets are likely to gap up much to the dismay of the short sellers and call writers on positive global markets. We do not believe there is a run away rally in store next week but at the same time downsides are negligible or not there at all.
Few companies are showing great consistency in performing. India Bulls Financials is one such superior company. Investors are adviced to do their own due deligence. Sesa goa numbers are not so great.
Midcap and smallcap is the space to be in but largecap stocks might not be left behind come August.
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