Markets still looks positive, inflation figures to be keenly watched
Posted on April 11th, 2008 in Personal Finance) by Motilal Oswal Securities Ltd |
Today’s View: Positive Bias 
Maintain a positive bias
Inflation figures to be keenly watched . Consensus estimates are at 7% -unchanged frm last week
“As per media reports ,Reliance Industries Ltd. may sell a 10 percent stake in a natural gas field in India’s Krishna Godavari basin area without Reliance may bring in a third company as partner to invest in the country’s biggest gas field, where production is expected
to start this year.Reliance owns 90 percent in the area off the east coast.Canada’s Niko Resources Ltd. holds 10 percent.We expect an EPS of 109 for FY09 and 238 for FY10 and added to this would be added upsides on account of new E&P finds
“