>Equtiy Weekly Watch (ANAGRAM)

INFOSYS TO GUIDE THE MARKETS


From next week hectic preparations for India’s 15TH General Elections will start with full earnest. Ensuing week will also mark the beginning of whole host of important quarterly results starting with Infosys Technologies on 15th April. We are concerned regarding the clients delaying outsourcing projects and the increased risk of pricing pressures on I.T. companies. On the top of the woes on business front, we are expecting turbulence on account of currencies also. Fundamentals of Rupee suggest it is likely to appreciate in medium term. We advise investors should caution on the IT front.


Elsewhere in Asia, Minutes of the Bank of Japan's monetary policy meeting in March. showed that members of the board shared a view that "economic conditions had deteriorated significantly and were likely to continue deteriorating for the time being".


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