Results in focus, trading seen cautious next week

Sun Feb 3, 2013 12:11pm IST

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

Related Topics

Stocks

   

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)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

OBAMA'S VISIT

Reuters Showcase

Coal Mining

Coal Mining

India to open coal to commercial mining firms soon, minister says  Full Article 

RBI Loan Rules

RBI Loan Rules

RBI relaxes overseas loan recast rules   Full Article 

E-commerce Firms

E-commerce Firms

Amazon, e-commerce rivals fuel commercial property boom in India  Full Article 

Growth Forecasts

Growth Forecasts

Indian economic growth forecasts pegged back, despite rate cuts: Reuters Poll.  Full Article 

Uber is Back

Uber is Back

Uber back in Delhi; govt says must await approval.  Full Article 

Markets at Record

Markets at Record

Sensex rises to record after ECB stimulus programme.  Full Article 

Pharma Sector

Pharma Sector

Ipca Labs hit by FDA ban on plant for standard violations.  Full Article | Related Story 

Forex Reserves

Forex Reserves

India FX reserves at record high as RBI fortifies defences  Full Article 

QE for Euro Zone

QE for Euro Zone

ECB launches 1 trillion euro rescue plan to revive euro economy.  Full Article 

Reuters India Mobile

Reuters India Mobile

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