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MARKET EYE WEEKAHEAD-India's record high shares vulnerable to profit-taking
March 7, 2014 / 12:22 PM / 4 years ago

MARKET EYE WEEKAHEAD-India's record high shares vulnerable to profit-taking

* Indian shares are seen extending their record-setting rally if
foreign investors continue to buy shares, although the prospect
of profit-taking could dent broad gains.
* Foreign institutional investors on Thursday posted their
biggest daily net purchases of shares since Dec. 19, or a net
12.73 billion rupees ($208 million), to mark a 15th consecutive
buying session. 
* However, global markets' reaction to U.S. employment data
later in the day would be key. 
* Traders are also cautiously eyeing consumer price inflation
data due on Wednesday, the last report before the RBI's policy
review on April 1. 
    
KEY EVENTS/FACTORS TO WATCH
Tues: Auto sales
Tues: Supreme court to hear Reliance Industries gas
unit pricing petition 
Wed: Jan industrial output 
     Feb consumer price inflation
Fri: Feb wholesale price inflation 
     Weekly foreign exchange reserves 

 (indulal.p@thomsonreuters.com/indulal.p.thomsonreuters.com@reut
ers.net)

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