GDP growth for Q4FY10 at 8.6% - in line with consensus estimates

. GDP growth for the quarter ended 31st March 2010, stood at 8.6%, right in line with Bloomberg consensus estimates of 8.6% growth

· Growth in all the segments for Q4FY10 has been higher as compared with that seen in the previous quarter.

· Mining and manufacturing segment have shown strong growth of 14.0% and 16.3% yoy respectively.

· For the full year FY10, the GDP growth stands at 7.4% vs 6.7% in FY09.

MARKET 28TH MAY 2010

GLBL Market surges as China declares itself as long term investor in Europe.
$ index @ 86.47.
Crude@ 75$.
Base metals witnessed buying interest.
Nifty rollover @ 66% vs 76%.
further short squeezed xpected in nifty; interms of cash buying nifty Lacks F2 support;
Commodity stock under focus.
Apollo hospital boards to mull stock splits on may 28th.
Ongc,Sail,HDIL and unitech earnings today.

MARKET OUTLOOK 27th MAY 2010

Crude @71$. US marktets retreat;
new home sales data & durable goods data hits new high.
Financial $ tech drag Dow down.
Asia trading soft with -ve bias.
Base metals in red on profit booking.
$ index@87.12.
Mahindra accquires 55.2% stake in electric car Reva.
Expiry day today;
massive short covering in nifty & stocks;
European indices may influence 2nd half of the day.

Market Outlook 26th may 2010

The risk reward ration from the current level of market is very high, risk is probably 5-7% from here, with an expected return of 20-25% over the next 6-7 months.
Crude@69.3$.
Asia trading +ve, Dow recovers 270 points from day's low. US may consumer confidence hits 2yr high. Bernake urges banks to better manage currency holdings. $index @86.84
Base metals shines. Nifty may open +ve but european cues may provide guidance in the 2nd half.Tata Tea okays 10:1 stock split. India may ease ban of common rice export.
Grasim goes ex-cement from today.MSCI portfolio reshuffling today.

MARKET OUTLOOK

Asia trading soft and mixed on early trade. $ index @ 85.82. Crude @70$.
Germany approved EU's 1Trn$ package to Greece. US SEC meeting today. Nifty may move northward with the support from 200 DMA. ICICI bank-BOR swap ratioat 1:4.72.
Ambani Brothers prepares to embrace new MOU.
In a nutsell- Mkt still looking (+ve), since it has a strong support @ 200 DMA, monsoon is expected to be normal, Huge Rice productivity will lead to Food Inflation get soften. And the only concern is that of China, which we have to believe that they will manage to recover.
Rohit Pasari Prabhudas Lilladher PMS