Result season kicks off with Infosys, TTK Prestige - Microsec

Indian markets gained momentum as the RBI eases liquidity for the banks under the MSF window. During the week the earnings season kicks off with the important results like Infosys, TTK Prestige et al. The IIP data is scheduled on October 11, 2013.

The better Chinese PMI data may instill renewed interest in the Indian metal space. As the election scenario is getting intense it is reckoned going forward the economic policies may have a political inclination. If the partial shutdown of US continues, it may add to volatility in the market.

Whirlpool, Crompton Greaves can be accumulated with a long term perspective. LICHF can be accumulated as the company is available at attractive valuation. Also, government may further focus on low cost housing, an area where LICHF has a commendable market share in financing low cost housing. Infosys is likely to come up with its Q2 FY2014 results on 11 October 2013.

Source : Equity Bulls

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