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
- UPDATE 3-U.S. FDA probes cognitive impact of new cholesterol drugs
- UPDATE 3-Boeing reports wing cracks on 787 Dreamliners in production
- UPDATE 2-White House plays down speedy role for U.S. natural gas in Ukraine
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- Malaysia Airlines loses contact with plane carrying 239 people
Sahara’s investment programmes include schemes that are similar to a typical Indian bank’s fixed or recurring deposits. But the arrest of the company's chief Subrata Roy last week and the court case over an outlawed bond scheme are raising fears among some investors who worry they will not get their money back. Full Article