Mar 31, 2013, 11.44 AM | Source: Reuters
Broader sentiment is expected to be weak in Indian stocks after data showed the current account deficit widened to a record high 6.7 percent of GDP in the October-December quarter.
However, the data, coming out after market hours on Thursday, also showed the balance of payments turned positive.
Still, traders say macro-economic indicators may have bottomed out and point to signs of recovery ahead.
Analysts also feel the recent correction in shares have made valuations more compelling.
Drug makers could be in focus as the Supreme Court is due to decide on April 1 whether Novartis AG's cancer treatment Glivec deserves a patent in the country.
KEY EVENTS/FACTORS TO WATCH:
Mon: March HSBC manufacturing PMI, Feb infrastructure output
- Supreme Court ruling on Novartis' Glivec
- Debt/FX markets closed for banking holiday
Barely one and a half months into the new year, th
At 7: 46 am (IST), Asian markets were trading firm
The US markets ended mixed after a volatile sessio
Market cues: FIIs net buy USD 131 million in cash
It was a steady session for our markets with the N
Even as revenue growth remains robust at 24% YoY,
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77