Comments on: Sensex gains on strong economic data http://blogs.reuters.com/moneyonthemarkets/2009/07/23/sensex-gains-on-strong-economic-data/ A maturing market amid the mayhem Thu, 22 Nov 2012 11:50:01 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: A.Kapoor http://blogs.reuters.com/moneyonthemarkets/2009/07/23/sensex-gains-on-strong-economic-data/comment-page-1/#comment-131 A.Kapoor Thu, 23 Jul 2009 16:42:55 +0000 http://blogs.reuters.com/moneyonthemarkets/?p=787#comment-131 Sensex rose 388 points(2.61%)backed by a combination of factors viz. Maruti's +25% and ACC's +85% growth in profits in 1Q 2010(Y-o-Y),Infrastructure output up +6.5% in June 2009 and on reports of revival of monsoons.Sensex couldn't have asked for a better day. Profits have been better than expected.It is now being hoped that India Inc.will have a rerating for 2009-2010.If new ratings show high divergence from previous estimates,Sensex target could have a deserving boost. Tomorrow is a R-day.Are any earning surprises from Reliance numbers being expected? Reliance has a peculiar trading pattern on announcement day:scrip is high in the morning but starts to crack by afternoon. Sensex rose 388 points(2.61%)backed by a combination of factors viz. Maruti’s +25% and ACC’s +85% growth in profits in 1Q 2010(Y-o-Y),Infrastructure output up +6.5% in June 2009 and on reports of revival of monsoons.Sensex couldn’t have asked for a better day.

Profits have been better than expected.It is now being hoped that India Inc.will have a rerating for 2009-2010.If new ratings show high divergence from previous estimates,Sensex target could have a deserving boost.

Tomorrow is a R-day.Are any earning surprises from Reliance numbers being expected? Reliance has a peculiar trading pattern on announcement day:scrip is high in the morning but starts to crack by afternoon.

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