1. Broader US market corrected yesterday with decline in crude and metal prices and concern of global increase in inflation
2. Asian markets are also down in line with US markets
3. Indian markets are expected to open lower but may bounce back during the day
4. 74% of 319 companies in S&P 500 that reported result has topped analyst's expectations
5. Reliance Infra to consider buy back of shares on 14th February 2011.
6. M&M to buy 38% of EPC Industries Ltd to enter micro irrigation business
v RESULT DECLARED
| Script | Result |
| M&M | Result was broadly in line with market expectations. Though margin continues to remain under pressure on account of increasing raw material prices the volume growth has remained robust. Company continues to gain market share in both Tractors and Automotive market. Outlook remains neutral |
| REC | NIMs in line with market expectation while PAT was above expectations. Outlook is positive |
| EIA Engineering | Result was ok. Revenue increased but margin declined QoQ. Outlook is positive |
v RESULT EXPECTED TODAY
| Companies (PAT Rs. In Crs) | Dec'10 | Sep'10 | Dec'09 |
| Cairn | 1661 | 1585 | 291 |
| BGR Energy | 70 | 77 | 42 |
| India Cements | 32 | -44 | 27 |
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