The key domestic benchmarks are tipped for a gap up opening today
tracking a positive trend across markets in Asia which surged after better than
estimated Q4 GDP data from China signaled a revival in the world’s second
biggest economy amid government stimulus efforts. China’s Shanghai Composite
rebounded from the biggest loss in six years as the economy grew 7.3 per cent,
year on year in the October-December quarter, above an estimated gain of 7.2 per
cent. Industrial output expanded 7.9 per cent, year on year in December 2014,
above an estimated 7.4 per cent. Hang Seng rose while Japan’s Nikkei 225 jumped
as a weaker yen boosted the appeal of exporter stocks ahead of a Bank of Japan
policy meet. Back home, sentiment is expected to stay positive as investors bet
on a quicker recovery in the economic growth and investment cycle thanks to a
timely and much needed interest rate cut by the Reserve Bank of India last week.
