Key-Factors - How The Market Will Move Today

"Stock Market"

• The positive growth seen in US market which get the support of President Obama that he wanted to minimize corporate tax and reduce tax loopholes.
• European market also closed with highest level on monday since september 2008 with copper reached record high.
•  As Egyptian tension decreases, the oil prices fell to a 1-week low and it set around 87 dollar per barrel mark.
•  Gold fall slightly in the precious metal market and was traded around 1348 dollar mark.
• In European market , the euro reversed losses against the dollar and made slight gain. As president Trichet indicated that no immediate interest rate hike was planned.he also stated that inflation would remain contained.
• In India, markets remain fearful as the week started not on a good note. The major indices traded in a narrow range, and finally closed absolutely flat...with the Nifty ending below the 5400 mark. 
• The Next Key -factor would be Tata Steel because it made a gain after a successful follow on offer for Rs 3700 crore, Tata Steel is all set for another round of fund raising. It is looking for about 500 million dollars for long term cap plans and to reduce debt.
•  The SEBI has announced that it is looking to make application supported by blocked amount mandatory for non-retail investors. It would be another key-factor which may decide the market trend today.
• IT services provider Cognizant had a good fourth quarter as its net profits have arised a better-than-expected profit from 43% to 206 million dollars.  
•  Another factor would be the BPO major Genpact It also made quarterly profits that beat estimates. The bottom-line shot up 33% year-on-year to 46 million dollars .