Dec 08, 2012, 09.21 AM IST
Indian shares are expected to remain volatile as some market participants argue that the reform optimism-led buying may give way to a technical correction.
Rate-sensitive sectors such as banks, real estate and automobile will be in focus next week as the outcome of two key data points, industrial output and wholesale price index, will set the tone for the Reserve Bank of India's policy meeting on December 18.
Bharti Infratel IPO with a price band of Rs 210-240 per share opens on December 10 for cornerstone investors and a day later for the public, closing on December 14. It will be watched closely, being one of the biggest share sales in recent times and coming from the troubled telecom sector. Market participants will closely observe any movement in the insurance and pension bills in Parliament.
Nifty decline persists, short term support should come in, next market direction will come after RBI policy tomorrow
WE HAVE A BIG NEWS EVENT TOMORROW WHEN THE RBI ANNOUNCES ITS CREDIT POLICY. MARKETS SHOULD TAKE SHORT TERM DIRECTION TOMORROW.
Video of the day
Dec 18 2013, 12:10
- in Economy
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.