Markets at a glance

Strong industrial production numbers, Infosys' third quarter results meeting analysts' expectations, relaxation in the norms for SLR and short covering helped the markets recoup the losses incurred earlier.

After losing 498 points in the first three trading sessions, the markets sprung back by 694 points to in the next two. For the week ended January 12, Sensex ended with a marginal gain of 1.4 per cent at 14056 and Nifty settled with a gain of 1.7 per cent at 4052.

What to expect this week

Experts expect the market to have an upward bias though fraught with volatility. Sectors like oil refining, media and cement would be in the limelight.

Third quarter results of major companies such as Reliance Industries and TCS are also expected to decide the trend.

Stock to watch 

EXIDE INDUSTRIES
Last week's close (Rs)	40.83
Prev. week's close (Rs)	38.95
Week's high (Rs)	44.70
Week's low (Rs)	38.63
Last week's ave. daily turnover (Rs cr)	6.85
Prev. week's ave. daily turnover (Rs cr)	2.78
Number of up/down move	4/1

Lead acid battery major, Exide Industries, is witnessing an upmove backed by increase in volumes. The stock closed with a gain of 5 per cent in the last one week and its monthly gain stands at 6.4 per cent.

The company is expected to announce its third quarter results on January 18, which market players expect would be robust, thanks to growth in replacement demand and OEM sales.

Meanwhile market players are also bullish on its stake in ING Vysya Life. Despite market leadership in the automobile and industrial battery market and robust financial performance in the last few quarters, the stock has failed to pick up in last three months.