Market for the week ended January 15

For the last week market ended on Jan 15 Nifty stocks losses more than 10 points to end at 5252.2 with loss of 7.7 points on the last day of this week. Where as 30 stock index BSE on friday ends low of 30.57 points compared to previous close to end the week at 17544.3 points. In the last week there are two mutual funds listed in NSE Reliance Mutual Fund-Reliance Fixed Horizon Fund-XIII-Ser3-Div Pay Opt and Reliance Mutual Fund-Reliance Fixed Horizon Fund-XIII-Ser3-Growth Opt, Kotak Mahindra Mutual Fund-Kotak FMP 18M Series 3-Dividend Option, Kotak Mahindra Mutual Fund-Kotak FMP 18M Series 3-Growth Option and three other mutual fund from ICICI are the mutual funds listed lase week and more than 300 companies released unaudited, non cumulative, Non-consolidated results for the quarter 1 oct 2009 to 31 dec 2009. The stocks that are expected to out perform in the short term are idea cellular, IDFC, Unitech, Spice communications, PNB. Ambuja cements outperformed last week with growth of more than 10%. With the better results from the companies in this quarter compared to last quarter stocks are expected to touch its 12 month new high within an short span of two months.

2 comments:

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