MUMBAI Feb 25 India's non-banking financial shares were poised to gain on Monday after the central bank issued guidelines allowing any business sector to apply for banking licenses.
IDFC Ltd, a lender and consultant for infrastructure projects, rose 2 percent in pre-open trading. Domestic markets will open at 0345 GMT. (Reporting by Rafael Nam; Editing by Anand Basu)
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article