F&O clearing settlement due on December 26, 2013 - Microsec

As expected, RBI Governor left rates unchanged despite high inflation as impact of earlier hikes is yet to be felt. Microsec Research was among the few who expected no rate hike as reiterated in last weekly outlook. FOMC has indicated tapering of QE3, the impact of which was nullified due to sharp reaction to the intent of taper talk already felt earlier.

Going forward, we expect the Indian market to consolidate with buying on dips across sectors. The F&O clearing settlement for the month is scheduled on December 26,2013. For the week, we expect SBI, DLF, Bajaj Auto to outperform markets. Long term investors can accumulate Blue Star, LMW, Bharat Forge, MOIL, Engineers India, NMDC, Hindalco, Coal India, Eicher Motors, Bharti Airtel, LICHF, Exide, Dabur, Rallis India, Cairn India ,GMDC, Pidilite Industries.

Source : Equity Bulls

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