Reuters logo
MARKET EYE WEEK AHEAD-Trading seen cautious; earnings awaited
February 1, 2013 / 11:29 AM / 5 years ago

MARKET EYE WEEK AHEAD-Trading seen cautious; earnings awaited

* Trading is expected to remain cautious next week as a sudden
slump in share price of Tata Motors and Ultratech Cement in late
market hours on Friday would make investors take cautious bets.
* Shares are expected to trade in a narrow range as sentiment
remains muted after the central bank's comments on Tuesday and
as traders watch out for earnings of auto major Mahindra &
Mahindra and cement companies including ACC.
* Market participants will watch for any announcement from the
government about the upcoming budget.
* India's plan to raise about $2 billion through a stake sale in
power producer NTPC Ltd will likely take place on Feb.
7, according to sources.
    
Events to watch:
        
Monday: Bank of Baroda, United Sprits 
Tuesday: UCO Bank, Apollo Tyres, HSBC Markit
services PMI 
Wednesday: Cipla, Tech Mahindra 
Thursday: ACC, Ambuja Cement, MRF,
Aurobindo Pharma 
Friday: Cadial, Hindalco, Mahindra &
Mahindra, Canara Bank, Sun Pharma

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below