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

Drug Pricing

REUTERS SHOWCASE

 G20 Meet

G20 Meet

As G20 chases growth goal, members differ on how to get there   Full Article 

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

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