Q2 results to drive market

After staging an 82-point rally last week, Dalal Street is looking for fresh triggers to keep the bulls happy. A key deciding factor for the market in the near term is September 2004 results.

According to market players, expectations of strong Q2 results have already provided firmness to the bourses. Amid expectations of impressive results and on the back of overwhelming response to the IPO of PSU power giant NTPC, Sensex jumped 82.39 points for the week ended October 9 to 5,757.93. The market also shrugged off a surge in global crude oil price to a new record high of above $53 a barrel.

‘‘The Sensex could even touch 6,000 soon,’’ said BSE dealer Pawan Dharnidharka.

Q2 results for companies this week
Infosys
CMC
Mphasis BFL
TCS
Hughes Software
Wipro
iGate Global Solutions
UTI Bank
Hero Honda
Ranbaxy
Unichem Laboratories
Gillette India
Tata Elxsi
Balaji Telefilms