Markets Weekahead: Shares seen recovering; finmin assurance to help
Reuters Market Eye - Indian shares are seen recovering losses sustained in the run-up to and after Thursday's budget as the market's focus shifts back to earnings and the central bank's rate meeting on March 19.
Clarification on the tax residency issue, which in part led to the budget day selloff, is also seen calming overseas investors. (Read Chidambaram's clarificatihere)
Also on watch, aviation stocks as the regulatory body on foreign investment meets on Wednesday to consider a proposal by AirAsia Bhd (AIRA.KL) to invest in an airline joint venture with the Tata group.
On the global front, a host of central banks meet next week including ECB, BOJ, BoE and RBA on policy.
KEY FACTORS/EVENTS TO WATCH
Tues: Feb Services PMI at 10:30 a.m. IST
Wed: Money Supply data at 3 p.m. IST
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
- In his native Alabama, Apple CEO's announcement he is gay prompts discomfort for some
- Kurdish peshmerga forces enter Syria's Kobani after further air strikes
- SEBI piles pressure on Sahara to sell overseas hotels
- China expresses concern about Indian plan to build border posts
- Judge rejects strict limits on U.S. nurse who treated Ebola patients
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article