Equity market - 30.4.2012
Market outlook – 30.4.2012
Market may open positive on mixed Asian markets. Japanese and Chinese stock markets were closed for a holiday. Quarter results announced by corporate will dictate the trend of the market. Maruti Suzuki’s net profit fell 3.03% to Rs 639.84 crore on 18.79% rise in total income to Rs 12023.86 crore in Q4 March 2012 over Q4 March 2011.
India highly reliant on monsoons, as more than 60% of the country's farmland is rain-fed and the June-September monsoon season accounts for about 70% of the country's annual rainfall. India is likely to pass some financial reforms in the current session of parliament, which started on 23 April 2012. The stock market remains closed tomorrow, 1 May 2012 on account of Maharashtra Day.