The Troubled Rupee

An employee uses an electronic machine to check a rupee note inside a bank in Allahabad December 16, 2011. REUTERS/Jitendra Prakash/Files

RBI likely sold dollars after rupee hit record low of 59.93 - dealers

The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets.  Full Article 

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REUTERS SHOWCASE

Slowing Down QE

Slowing Down QE

Bernanke says Fed likely to reduce bond buying this year.  Full Article 

Monsoon Floods

Monsoon Floods

Death toll in Uttarakhand monsoon floods crosses 150  Full Article 

China Factory Activity

China Factory Activity

China June flash HSBC PMI hits nine-month low on weak demand.  Full Article 

FIIs and Banks

FIIs and Banks

High FII holding makes private banks vulnerable after Fed - analysts.  Full Article 

Euro Economy

Euro Economy

Half-way to lost decade, Europe's growth task as tough as ever.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

MARKET EYE WEEK AHEAD - Trading seen cautious; earnings awaited

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A man holds an umbrella to shield himself from the rain on a beach in Mumbai June 13, 2013. REUTERS/Danish Siddiqui

The rains are here

Monsoon rains have covered India ahead of the usual date.  Slideshow 

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A broker looks at a computer screen as he talks on a phone at a stock brokerage firm in Mumbai December 3, 2012. REUTERS/Danish Siddiqui/Files

A broker looks at a computer screen as he talks on a phone at a stock brokerage firm in Mumbai December 3, 2012.

Credit: Reuters/Danish Siddiqui/Files

Sat Feb 2, 2013 2:34pm IST

REUTERS - Trading is expected to remain cautious next week as a sudden slump in share price of Tata Motors and Ultratech Cement in late market hours on Friday would make investors take cautious bets.

Shares are expected to trade in a narrow range as sentiment remains muted after the central bank's comments on Tuesday and as traders watch out for earnings of auto major Mahindra & Mahindra (MAHM.NS) and cement companies including ACC (ACC.NS).

Market participants will watch for any announcement from the government about the upcoming budget.

India's plan to raise about $2 billion through a stake sale in power producer NTPC Ltd (NTPC.NS) will likely take place on February 7, according to sources.

Events to watch:

Monday: Bank of Baroda (BOB.NS), United Sprits (UNSP.NS)

Tuesday: UCO Bank(UCBK.NS), Apollo Tyres(APLO.NS), HSBC Markit services PMI

Wednesday: Cipla(CIPL.NS), Tech Mahindra(TEML.NS)

Thursday: ACC(ACC.NS), Ambuja Cement(ABUJ.NS), MRF(MRF.NS), Aurobindo Pharma(ARBN.NS)

Friday: Cadila (CADI.NS), Hindalco(HALC.NS), Mahindra & Mahindra, Canara Bank(CNBK.NS), Sun Pharma(SUN.NS)
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