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MARKET EYE WEEKAHEAD-Traders see shares weak ahead
February 15, 2013 / 11:24 AM / in 5 years

MARKET EYE WEEKAHEAD-Traders see shares weak ahead

* After a largely disappointing October-December earnings
season, outside of some sectors such as IT, investors expect the
market to remain in a narrow range ahead of the budget on Feb.
28.
* Traders will also track domestic institutional investors'
flows, who have been on a selling spree in recent months as
retail investors continue to cash in a recent rally by selling
their equity mutual funds. 
* Investors will be looking to see whether next year's budget
will provide fiscal reform measures or whether the government
will increase spending ahead of the general elections by 2014. 
* A fiscally disciplined budget could see the markets once again
resume gains. The BSE index having fallen 2.15 percent
so far this month. 

KEY FACTORS TO WATCH 
Tues: India bond, FX markets closed for banking holiday 
Thurs: Budget session of parliament to begin 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)

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