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.
February 02, 2013 / 12:06 IST
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 PharmaFriday: Cadial , Hindalco, Mahindra & Mahindra, Canara Bank, Sun Pharma Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
