Feb 02, 2013 12:06 PM IST | Source: Reuters

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.

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 USD 2 billion through a stake sale in power producer NTPC Ltd will likely take place on February 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

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