Wednesday, April 22, 2009

Market Outlook 22nd April

The market may have positive opening today. Nifty has supports at 3300- 3320 and resistances are at 3440-3490. Intraday dips should see buying support.

Stock News
Tata Consultancy Services expects to cut forex loss to Rs 120 cr
Wipro Q4 net profit up at Rs 910 cr
Fund Action witnessed in Alok Industries, GRUH Finance
Rolta India Q3 net surges on one-time gain
ICICI Bank cuts lending rates by 50 bps
Hero Honda says to maintain margins
Reliance Power completes financing for Sasan
Gitanjali Gems sees rev worth 65 bln rupees in FY10
MMTC says to import 10 tonnes gold in April
RIL to re-open its fuel retail outlets in next few days- BUY RIL
Buy Axis Bank, target of Rs 650: Emkay
Accumulate Axis Bank, target of Rs 550: Prabhudas Lilladher
Yes Bank Q4 PAT seen up 14% at Rs 74 cr
Zee Entertainment Q4 PAT seen down 11% at Rs 81.6 cr