Markets at a glance

TRADING DESK

It was a volatile week as caution over major global and local events, heightened speculation in the futures market and concerns over an appreciating rupee set the cap for further rise.

While the Sensex lost 1.06 per cent to close at 13,796.16, the Nifty was down by nearly a per cent to close at 4,076.6. However, lower inflation at about 5.66 per cent and robust March industrial production at 12.9 per cent provided some cushion.

What to expect this week

A decisive verdict in the UP elections, global market trends and the announcement of Q4 results by industry bigwigs like Tata Motors, Bajaj Auto and Suzlon would provide key triggers. With the board of Bajaj Auto set to consider the demerger plan this week, the scrip's counter could see some action.

Stock to watch

Piramyd Retail
Last week's close (Rs):	72.75
Prev week's close (Rs):	65.30
Week's high (Rs):	72.75
Week's low (Rs):	59.38
Last week's ave daily turnover (Rs cr):	3.96
Prev week's ave. daily turnover (Rs cr):	0.77
Number of up/down move:	2/2

Volumes on Piramyd retail witnessed a sudden sprut towards the end of the week on the maket buzz that Aditya Birla group is interested in the company. The stock gained 11.9 per cent over the past week.

However it is already trading at a discount of about 65 per cent to its 52 week high of Rs 205.25 achieved last year. Given the tremors of consolidation and acquisitions being felt in the organised retail segment, there could be triggers to watch out for, in the coming few days.