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 BankUCBK.NS, Apollo TyresAPLO.NS, HSBC Markit services PMI
Wednesday: CiplaCIPL.NS, Tech MahindraTEML.NS
Thursday: ACCACC.NS, Ambuja CementABUJ.NS, MRFMRF.NS, Aurobindo PharmaARBN.NS
Friday: Cadila CADI.NS, HindalcoHALC.NS, Mahindra & Mahindra, Canara BankCNBK.NS, Sun PharmaSUN.NS
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