i Develop Stocks Advisory

The Sensex continued its winning streak this on the back of string Q4 numbers for the IT companies coupled by improved global economic scenario. The Sensex gained nearly 5 percent to end the week at 16481.20, while the Nifty ended by nearly 4.8 percent. Bulls dominated the whole week with support from good numbers and a great guidance from the IT major Infosys on Tuesday. This was backed by good set of numbers from HCL Technologies and midcaps like Mindtree Consulting and Mastek. The BSE IT index gained 13.3 percent and was a clear winner, followed by Consumer Durables and Realty which gained nearly 6 percent. Although it was a short one, the past week could be viewed as something the market really needed the most. US markets continued to rally and kept pace with gains in Dalal street with decent gains by the end of the week. The Dow and S&P gained nearly 4 percent, where as the Nasdaq gained nearly 5 percent. Better than expected earnings results from the likes of JP Morgan, IBM, United Technologies, Honeywell, and Google helped improve the sentiment in the markets and underlined the view that the economy is not bad as everyone expected. After good set of numbers from the IT majors and financial firms, the market will be looking forward for the results from Microsoft, Boeing and Apple. Key Corporate Earnings/ Events in the coming week: Domestic Markets: * More Q4 numbers continue to pour in US Markets: * Home sales & orders for durable goods for March, weekly jobless claims, and the Michigan consumer sentiment survey Stocks to Watch in the coming week Megasoft - Rs 95 Polaris Software-Rs 103 Exide Ind - Rs 74 IL&FS Investment Managers- Rs 249 HCL Infosys - Rs 191 Technical View & Suggestion : Only to Premium Subscribers