Stockmarkets: Going Steady

The BSE Sensex is expected to rally once fourth quarter results for FY2007 are declared, as it has in the past.

Investors are eagerly awaiting the 2007 March quarter results, which are expected this month. While it is true that the BSE Sensex has risen, volumes have been disappointing — an indication of the market uncertainty.

But if the past is any guide, investors need not worry too much. During April, July and October 2006 and January 2007, the months when quarterly results were declared, the Sensex rose by 6.8 per cent, 1.6 per cent, 6.2 per cent and 3.3 per cent, respectively.

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