Sensex risks consolidation; SBI, CIL results key next week
Earnings of Coal India, SBI, Jet Airways will be key for the week ahead for our market.
The BSE Sensex risks of some consolidation after indexes ended at their highest close since November 2010 on Friday.
Overseas investors were net buyers for 21 consecutive sessions as of Thursday, bringing their net purchases for the year to about USD 13 billion, according to regulatory data.
The stock rally has been sparked by expectations that easing inflation will allow the Reserve Bank of India to cut interest rates as early as next month, and any adjustments in those expectations could also impact shares.