Happy Thursdays! The sunset for Food inflation, IT and IIP
Wednesday, January 11, 2012
Food inflation wow remained -2.9% after a -3.36% last week, Primary Articles also read easy at 0.51% from 0.10% Fuel inflation was 14.45% from 14.6% last week TTK Prestige results look good with 39% sales growth (YOY), Investment positives from both announcements TTK and Infosys ( more real estate and training!) TTK prestige on the receiving side of rupee depreciation with domestic sales
HDFC will post good growth ( is it tommorrow?? ) safe in NIMs and the IIP growth came back to 6% clip on Transportation and Consumer durables and non durables climbing back from October lows Infy Q4 PAT was a great 23.72 bln
The infra stocks are back having had quite a rest in the fall to 4700. the indices back on a falling spree after banking reached its peak mid day at 8350 odd on the bank nifty, large 20 point premiums on the Nifty 50 futures, starting a vacuous drop after Infy good results were shot to hell by a "We can't grow" guidance
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