Epic Update: Stocks

[epicresearch]

IIP Data for April expected at 1.08% as against -3.5% (MoM)

FM rejects S&P report that India can be 1st BRIC nation to falter
FM says on S&P statement
-Government fully seized of the current situation can expect turnaround in coming months
-’Several positives for Indian economy as we go forward’
-No important events to indicate Indian economy vulnerable
-No major adverse results on corporate performance in Q42011-12

SBI says
-Surprising S&P saying greater vulnerability to economic shocks
-Do not agree with S&P’s statement
-Growth may be slowing, not stalling
-No trigger for S&P to downgrade India
-Cases like Spain different from India, India does not deserve a downgrade