Markets Weekahead: Shares seen recovering; finmin assurance to help

Sat Mar 2, 2013 4:41am IST

A trader is reflected onto a glass panel with an illustration showing the nature of the stock market during the announcement of the annual budget at the Motilal Oswal trading floor in Mumbai February 28, 2013. REUTERS/Vivek Prakash

A trader is reflected onto a glass panel with an illustration showing the nature of the stock market during the announcement of the annual budget at the Motilal Oswal trading floor in Mumbai February 28, 2013.

Credit: Reuters/Vivek Prakash

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

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