Moneycontrol
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.

 
 
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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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