Equity Pulse : Expectations of Strong Q3 numbers to keep markets firm

Dear Kundapur Govardhana Kini,   We understand the need for the right research to make smart  investment decisions. To keep you well informed, we present the market outlook for this week.   Previous Week : Markets remained extremely choppy and range bound   The market remained extremely choppy and range bound for the entire previous week. Nifty touched a high of 5300 on the higher side and 5170 on the lower side. Both indices started the week with a weak undertone on negative sentiments across the globe. After a couple of days weakness, on Wednesday, the market     bounced back sharply on strong gains in the Hang Seng and positive sentiments in the European market On a week-on-week basis, the BSE Sensex rose 14 points or about     0.01%, to close at 17554.30 11.2% YoY for November. This also helped the market bias for the upside previous year, jumping from November 4.8% rise and October revised 1.5% rise   Week Ahead : Expectations of Strong Q3 numbers to keep markets firm   The market breadth has been quite positive in the last few weeks despite some minor corrections.   Expectations of strong Q3 December 2009 results and ample global     liquidity may keep Indian stocks firm in the near term. Jaiprakash Associates, GAIL India and Sesa Goa unveil Q3 results on Monday, January 18, 2010, followed by Tata Power on Tuesday and Wipro and HDFC on Wednesday   Early next week, market players will eye the response to the initial     public offer (IPO) of fast-food chain Jubilant Food works   Global liquidity remains ample. Foreign funds bought Rs. 8,191.70     crore more shares than they sold in the first few days in January 2010 Sincerely, ICICIdirect.com Did you know : Now you can view Research Recommendations on your Portfolio Page.